STI ends higher as traders cross fingers over Pyongyang threat

A view of Singapore Exchange building (SGX) at the financial district in Singapore.
A view of Singapore Exchange building (SGX) at the financial district in Singapore.PHOTO: ST FILE

SINGAPORE - Local stocks recovered slightly from nuclear jitters on Tuesday (Sept 5), as traders again put their faith in a diplomatic rather than military cure to tensions on the Korean Peninsula.

Tthe benchmark Straits Times Index picked up by 20.29 points, or 0.63 per cent.

It ended the day at 3,251.26 points, after a 46.29-point drop the day before.

Gainers outnumbered losers 237 to 174.

All three local banks saw a rise in share prices, with DBS bouncing back from Monday's 27-cent slide to finish higher by 34 cents, or 1.7 per cent, at S$20.69.

OCBC Bank ended up by 16 cents, or 1.5 per cent, at $11.08, while UOB picked up by 14 cents, or 0.6 per cent, to close at S$23.73.

Singtel recouped half of the previous day's decline, finishing higher by two cents, or 0.5 per cent, at S$3.68.