STI puts on 0.3% as traders look for leads

AMID a lack of data leads at home and region wide, share prices in the Singapore bourse stuck to a familiar trajectory - upwards - and snapped a two-day losing streak since it broke out of the 3,600 psychological mark last week.

The gains were logged as the local bourse awaited further direction from the US while staying inspired by Wall Street's higher close last Friday. The benchmark Straits Times Index rose 9.93 points or 0.3 per cent to finish at 3,577.07 on Monday.

While analysts expect the STI to make another headway towards the 3,600 level, they expect to see selling pressure once it gets there. This however will likely be a "short, temporary correction, which allows profit-taking and hand-changing activities", said Margaret Yang of CMC Markets.