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S'pore, regional markets rise as China's Q3 growth beats forecast
The Straits Times
|October 19, 2024
• On local bourse, gainers outpace losers 360 to 194 • ST Engineering tops index; Wilmar is biggest decliner • Tokyo, HK and KL all up on China's 4.6% GDP expansion
Local shares went north on Oct 18 on the back of regional gains sparked by China's third-quarter growth exceeding expectations.
The jolt of optimism pushed the benchmark Straits Times Index (STI) up 0.4 per cent or 14.94 points to 3,640.19, with gainers thumping losers 360 to 194 on trade of 1.1 billion securities worth $1.1 billion.
ST Engineering was the STI's top gainer, up 2.1 per cent to $4.81, while the biggest decliner was Wilmar International, down 0.9 per cent to $3.28.
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