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STI lift may be due to early window dressing

Banks, along with Keppel Corp, CapitaLand and Singtel, contribute to the index's gains; market turnover up at S$1.2 billion

Published Thu, Mar 26, 2015 · 09:50 PM

Stocks

THE Straits Times Index (STI) on Thursday rose 12.57 points to 3,431.59, possibly thanks to early quarter-ending window dressing as well as expectations of a Wall Street rebound during its own Thursday session after a steep Wednesday plunge. The rise came despite weakness throughout the region and Europe opening in the red.

Not unexpectedly, the three banks were among the index's top gainers, though there were also notable contributions from Keppel Corp, CapitaLand and Singtel. Turno…