Tide of flat trading turns as STI gains 1%
Uptick largely due to boost from the 3 banks and news of strong US earnings; shares up 34 points
AFTER two days of trading flat, the tide turned for the Straits Times Index (STI), which gained 34.18 points, or one per cent to close at 3,326.83 on Wednesday - thanks largely to a boost from the three local banks, and news of strong US earnings.
Turnover amounted to an average of 1.59 billion units worth S$1.31 billion, lower than the Singapore Exchange's (SGX) securities daily average of 1.92 billion shares worth S$1.36 billion as at June this year. Gainers outnumbered losers 219 to 178.
OCBC was the frontrunner among the bank stocks, rising 3.2 per cent, or 36 Singapore cents to S$11.66; while UOB gained 2.7 per cent, or 70 Singapore cents to S$26.89; and DBS advanced 1.2 per cent, or 31 Sing…
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