STI rebound continues on relief rally hopes
Index gains 27 points amid average turnover; jewellery firm TLV Holdings shines on Catalist debut
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THE Straits Times Index rose 27.07 points to 2,895.81 on Thursday as traders continued to buy in anticipation of a "relief rally" if the US Federal Reserve keeps interest rates unchanged at its Federal Open Market Committee meeting later on Thursday.
Turnover was in line with recent soft-to-mediocre averages at one billion units worth S$1.2 billion and excluding warrants, there were 221 rises versus 161 falls.
Overall, trading lived up to prior expectations - it was cautious and narrowly focused as players waited to see whether the Fed would raise rates or postpone the decision till December or even later.
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