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S'pore stocks rise to highest level since 2007 after Fed rate cut
The Straits Times
|September 20, 2024
The jumbo rate cut by the US Federal Reserve overnight turbocharged shares here to their highest level since November 2007.
Local investors gleefully piled into the market on Sept 19 to send the Straits Times Index (STI) up 1.1 per cent or 40.76 points to 3,633.18, with 27 of the 30 counters ending in the black, while three closed flat.
Across the broader market, trade was robust as well, with gainers trouncing losers 415 to 210 after 1.4 billion securities worth $1.6 billion changed hands.
CapitaLand Investment was the STI's top gainer, rising 4.5 per cent to $3.05.
Denne historien er fra September 20, 2024-utgaven av The Straits Times.
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FLERE HISTORIER FRA The Straits Times
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