STI tracks Wall Street to gain 1.3%

THE Straits Times Index (STI) gained 36.01 points or 1.3 per cent to 2,813.01 on Friday, on the back of a modest rebound by US stocks overnight that was led by tech stocks.

On the Singapore bourse, about 2.78 billion shares worth S$1.52 billion changed hands. Gainers outnumbered losers 322 to 125.

The largest gainer on the index was Jardine Matheson which added US$2.46 or 4.8 per cent to US$53.68, following a series of share buybacks by the company.