Market Update: STI returns to 3,000 point level

The Straits Times Index ended Wednesday trading up by 26.50 points or 0.89%, reaching the 3,000.37 point level.

Most Asian stocks also traded in the green, despite the resurgence of US Treasury bonds yields.

About 3.23 billion securities worth S$1.47b changed hands, with advancers outnumbering decliners, 251 to 229.

Top performers for the day were DBS with a 2% or S$0.54 gain, Venture, which rose  by 1.93% or S$0.37, and ComforDelGro which went higher by 1.88% or S$0.03 per share.

On Wall Street, most US stocks traded lower as tech-based shares in particular lagged, and the February private payrolls growth report turned out to be disappointing, indicating that the labor markets there were still struggling.

The S&P 500 shed 1.31% or 50.57 points to end the day at 3,819.72. The NASDAQ also ended lower by 2.70% or 361.03 points dipping to 12,997.75 while the Dow Jones Industrial declined by about 121.43 points or 0.39% to 31,270.09.

London stocks meanwhile, ended flat as investors increased their inflation expectations for the year.

The FTSE 100 ended up by 0.93% or 61.72 points to 6,675.47. The FTSE 250 also went higher by 1.22% or 258.41 points closing at 21,436.32.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!