STI recovers previous session's losses to close 1.3% higher on Thursday

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SINGAPORE'S Straits Times Index (STI) pared Wednesday's losses in what was a rare ho-hum session by recent standards, closing 31.88 points or 1.3 per cent higher to 2,571.32. Read more at The Business Times.

Benchmarks elsewhere in Asia were mostly up with China, Hong Kong, Malaysia, South Korea and Thailand posting gains. The Nikkei 225 Index bucked the trend in back-to-back sessions, edging down 7.47 points or 0.04 per cent to 19,345.77.

Singapore's banking trio outperformed the benchmark. DBS Group Holdings gained S$0.31 or 1.6 per cent to S$19.14; OCBC Bank climbed S$0.14 or 1.6 per cent up at S$8.95, and United Overseas Bank ended at S$20.17, up S$0.27 or 1.4 per cent.

 

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