STI maintains momentum, records 4.2% gain this week

THE Straits Times Index (STI) maintained momentum to record its fourth day of increase on Thursday, as it ends the trading week up 49.5 points or 1.92 per cent at 2,624.23.

This marks a 4.2 per cent increase over the course of the week, as Friday, being Labour Day, is a trading holiday.

Sats, which recently did a bond issue on a private placement basis to address its cash crunch concerns, was the best performer among the index constituents. Its shares rose S$0.21 or 6.84 per cent to S$3.28.