STI up for the week as it recoups Thursday's loss
MOVEMENTS in the Straits Times Index (STI) each day appear to be driven more by expectations of how Wall Street might perform later that same day than how it did the evening before.
This has been apparent for many months now and so it was this week, during which the STI gained 15 points at 3,417.51 over the five days.
In Friday's session, the index rose 22.24 points, reversing all of Thursday's 20 points loss and most likely because of expectations that Friday's US jobs report would be market-friendly.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology
Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336
Nasdaq’s profit falls as shaky economy keeps IPO revival elusive
iFast Q1 net profit surges on ePension unit performance