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STI up 0.7% as investors rotate from US to more stable Singapore market
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The Straits Times Index (STI) rose 0.7% to 4,300.16 as investors shifted funds from the US to Singapore amid concerns over a potential US government shutdown. Gainers outnumbered decliners 329 to 249, with a trading volume of 2.1 billion. Notably, CNMC Goldmine shares surged 8.8% due to rising gold prices, while Capital World faced legal issues, causing its shares to drop significantly. Genting Singapore was the worst performer, declining 1.3%.
Source: Straitstimes The copyright of this article belongs to the original author/organization.
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