15 Feb '12, 6am

Singapore benchmark ST Index breaks 3,000 mark for the first time since August 2011

SINGAPORE - Singapore's Straits Times Index (STI) breached the 3,000 level today for the first time since August 2011. The benchmark overcame a bout of early selling, setting a positive course after the first 35 minutes of trade. It reached a high of 3,014.76 by 11am, a gain of 0.9 per cent. By mid-day, the STI was trading 0.68 per cent higher at 3,007.80, with a gain of 20.39 points. Among the biggest movers are commodity stocks Golden Agri and Noble Group. "The STI is proving to be a resilient market as investor attitude to risk improves off the back of a rosier outlook for the global economy, particularly in the United States," said, head of Research at IG Markets Singapore Justin Harper. Signs of the STI breaking through the 3,000 mark had been eminent since late last week, "but the failure to agree on the Greek debt deal spooked markets globally on Friday", Mr Harper ...

Full article: http://www.todayonline.com/Singapore/EDC120215-0000127/ST...

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