STI moves back into the black for 2016

THE Straits Times Index ended 2015 at 2,882 but has risen above that level only once since then and even then, it stayed there for only 10 trading sessions from April 13-26.

So Tuesday's session during which the index jumped 25.68 points, or 0.9 per cent, to 2,901.82 in response to Wall Street's latest all-time high was notable for being only the second time in 2016 that the STI has moved into the black for the year.

Turnover has remained roughly the same since that first crossing in April with Tuesday's trading amounting to 1.8 billion units worth S$1.1 billion compared to 1.5 billion worth S$1.4 billion done on April 13.