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STI adds nearly 6 points to extend rally

WHAT can be argued as upbeat growth data from China and positive US earnings spurred the extension of the rally in Singapore, with local shares making further gains for the fourth straight day.

The benchmark Straits Times Index (STI) added 5.88 points or 0.18 per cent to finish the session at 3,334.91, supported by some banking and property stocks.

Trading within the day peaked after lunch but some of the gains were erased later in the day, perhaps as the Dow futures which the STI tracks closely, was down by 100 points 30 minutes before 5pm.

Turnover for the day came in at 3.2 billion units valued at S$1.6 billion. Excluding warrants, the advance-decline score was 180 to 285.

Among the top gainers were DBS, UOB, UOL and City Developments.

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