STI up for the week as it recoups Thursday's loss
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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.
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