STI rises 5 per cent on Wall St rally
Straits Times Index jumped 5 percent in early morning trade on Wednesday. -Reuters
Wed, Nov 05, 2008
Reuters
SINGAPORE - Singapore's benchmark Straits Times Index jumped 5 percent in early morning trade on Wednesday helped by gains in regional markets and overnight gains on Wall Street.
By 0243 GMT, the index stood at 1,921.63 points. Property stocks such as CapitaLand , City Developments and Keppel Land buoyed the index.
CapitaLand was up 9.59 percent, CityDev gained 8 percent and Keppel Land soared 12.5 percent.