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STI tracks Wall Street to rise 0.1%

But investors should not read too much into US market's recovery, given the light trading ahead of the Thanksgiving holiday

Published Thu, Nov 22, 2018 · 09:50 PM

Straits Times Index

SINGAPORE equities eked out slight gains on Thursday as investors took heart from a rebound in Wall Street overnight after a two-day rout. The benchmark Straits Times Index (STI) rose 2.73 points, or 0.1 per cent to 3,041.38. Decliners outnumbered advancers 193 to 170, after about 1.22 billion shares worth S$669.8 million changed hands.

FXTM's chief market strategist Hussein Sayed noted that US stocks rebounded, thanks to tech stocks and a slight recovery in oil …

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