The Singapore stock market has finished higher in three straight trading days, collecting almost 30 points or 0.8 percent along the way. The Straits Times Index now rests just above the 3,820-point plateau although it may spin its wheels on Tuesday.
The global forecast for the Asian markets is mixed to higher, with strong support expected from the technology companies. The European markets were down and the U.S. bourses were mixed and the Asian markets figure to follow the latter lead.
The STI finished slightly higher on Monday following gains from the telecoms, weakness from the industrials and a mixed performance from the financial shares.
For the day, the index added 10.68 points or 0.28 percent to finish at 3,821.03 after trading between 3,807.40 and 3,824.16.
Among the actives, CapitaLand Investment shed 0.75 percent, while City Developments skidded 1.15 percent, DBS Group rallied 1.30 percent, Emperador slumped 1.19 percent, Genting Singapore lost 0.65 percent, Hongkong Land stumbled 1.32 percent, Keppel DC REIT plummeted 3.17 percent, Keppel Ltd eased 0.15 percent, Mapletree Logistics Trust sank 0.79 percent, Oversea-Chinese Banking Corporation jumped 1.43 percent, SATS tumbled 1.36 percent, Seatrium Limited fell 0.50 percent, SembCorp Industries retreated 1.26 percent, Singapore Technologies Engineering slid 0.44 percent, SingTel added 0.32 percent, Wilmar International dropped 0.98 percent, Yangzijiang Financial declined 1.25 percent and Yangzijiang Shipbuilding, Mapletree Pan Asia Commercial Trust, Mapletree Industrial Trust, CapitaLand Integrated Commercial Trust, Comfort DelGro and Thai Beverage were unchanged.
The lead from Wall Street is cautiously optimistic as the major averages opened mixed on Monday and finished largely the same way.
The Dow shed 110.58 points or 0.25 percent to finish at 43,717.48, while the NASDAQ surged 247.17 points or 1.24 percent to close at a record 20,173.89 and the S&P 500 advanced 22.99 points or 0.38 percent to end at 6,074.08.
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