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Singapore banks drive STI to 17-year high as US Fed cuts rates

The Straits Times

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November 09, 2024

Gainers beat losers 297 to 283 across broader market | UOB the top STI gainer, closing up 7.2% to $35.69 Regional indexes unmoved by Wall Street's elation

- Benjamin Cher

Record-breaking surges in Singapore bank shares on the back of another interest rate cut in the US drove the local market to a 17-year high on Nov 8.

The buying spree in financial stocks propelled the Straits Times Index (STI) up 1.4 per cent or 50.88 points to 3,724.37. Across the broader market, gainers outpaced losers 297 to 283 on buoyant trade of two billion securities worth $2.3 billion.

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यह कहानी The Straits Times के November 09, 2024 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

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