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STI extends rally by 4 points in firm session

REGIONAL indices rallied on Monday on the back of China's rosy growth outlook and a surge in oil prices.

Tokyo's Nikkei finished the session at a 21-year high, while the Hang Seng rose to almost a 10-year high and South Korea's Kospi closed at a fresh record.

Bucking the trend was the Shanghai Composite Index, which clocked losses as it shrugged off China's upbeat growth forecast.

Like most regional indices, the Straits Times Index (STI) on Monday extended gains from last week, adding 3.95 points or 0.12 per cent to push through to 3,323.06.

Turnover for the day came in at 1.8 billion units valued at S$1.1 billion. Excluding warrants, gainers outnumbered losers 252 to 206, reflecting firm trading.

Among the top counters by value traded were Singtel, Keppel Corp and DBS.

sentifi.com

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