STI continues gains amid weak volumes

TRADING volumes remained weak on Monday but the local market still managed to extend its winning streak to a seventh session.

The benchmark Straits Times Index inched ahead by 3.53 points or 0.11 per cent to 3,153.29. The index is inching closer to last year's close of 3,167.08 points - it is now only 13.79 points away from breaking even for the year.

On a sleepy session only three of the STI's 30 stocks moved more than 1 per cent in either direction.

Alcohol company Thai Beverage rose one cent or 1.9 per cent to 54 cents.

Regional mall developer CapitaMalls Asia advanced two cents or 1 per cent to $1.965, while CapitaMall Trust, a real estate investment trust holding shopping centres, fell two cents or 1 per cent to $1.89. Both CapitaMalls Asia and CapitaMall Trust are ultimately controlled by developer CapitaLand.

Across the market 2.78 billion shares changed hands but they were worth only $669 million.

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