GAINS in Singtel, Thai Beverage and the banks helped propel the Straits Times Index (STI) up 26.2 points or almost one per cent to 2,945.74 on Wednesday.Turnover rose from Tuesday's S$935 million to 1.2 billion units worth S$1.2 billion, boosted not just by active trading of Singtel but also heavy selling of Wilmar International, which said it expects a loss of US$230 million for its second quarter ended June 30.
Although the STI turned in a strong showing, the broad market did not, recording an advance-decline score of 238-150 excluding warrants.
Wall Street's sixth consecutive all-time high on Tuesday probably played some part in elevating sentiment here, although the Dow futures on Wednesday traded marginally in the red.
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