STI closes 1.6% higher at 2,896.55

SINGAPORE (Sept 6): The Singapore market ended higher on Tuesday despite a general lack of direction in global markets.

As at 5.04pm, the key Straits Times Index (STI) was up 44.81 points or 1.57% at 2,896.55. This came after the index closed 1.6% higher on Monday, ending a six-session decline. About 1.44 billion shares valued at $1.32 billion changed hands. Gainers outnumbered losers 275 to 111.

Among the STI component stocks, banks, developers and offshore and marine stocks were some of the biggest gainers.

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