Singapore’s Bank Stock Rally Pushes Market Near Record High
- STI is close to breaking above all-time high set in 2007
- The gauge is up 18% this year, fuelled by bank stocks
This article is for subscribers only.
Singapore’s stock market edged closer to an all-time high on Thursday, after a prolonged rally in bank shares.
The benchmark Straits Times Index rose as much as 1.1% during the day before paring its gains to finish up 0.6%. That put the market just shy of the record closing price set in October 2007.