STI rallies on oil prices, regional rebound
Penny stocks lead the charge as the index gains 37.54 points to close at 3,248.71
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
BUOYANT oil prices and a regional rebound fuelled a surprise rally for the Singapore stock market on Wednesday, with penny stocks leading the charge.
For Thursday's market, the overnight release of minutes from the US Federal Reserve's June meeting are expected to set the tone.
The Straits Times Index (STI) gained 1.17 per cent or 37.54 points to close at 3,248.71. Gainers outnumbered losers 301 to 150, or about two up for every one down.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
