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BullsAndBears Expected US interest rate cuts give STI boost to 52-week high
The Straits Times
|September 17, 2024
Gainers beat losers 301 to 225 on turnover worth $1 billion Analyst notes bleak China data Local banks close mixed, with could weigh on sentiment DBS up while OCBC, UOB fell
Singapore stocks rose on Sept 16, ahead of widespread anticipation that an interest rate cut will be announced by the US Federal Reserve on Sept 18.
The local benchmark Straits Times Index (STI) rose 0.2 per cent or 7.78 points to a 52-week high of 3,570.43.
On the broader market, gainers beat losers 301 to 225 after 987 million securities worth $1 billion changed hands.
This story is from the September 17, 2024 edition of The Straits Times.
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