STI rallies 0.5 per cent on Wednesday

The benchmark Straits Times Index (STI) rallied another 14.47 points, or 0.47 per cent, to 3,104.40 on Wednesday, recovering some of the lost ground from Monday's 1.6 per cent dive.

Trading volumes were modest, with just 1.9 billion shares worth $1.24 billion changing hands.

Major regional markets ended mostly in positive territory, with Hong Kong shining brightest with 2.43 per cent gains. Australia finished 1.63 per cent higher, while South Korea closed 0.16 per cent in front.

However, Japan fell 1.04 per cent and Shanghai dipped 0.41 per cent.

In Singapore, DBS Group Holdings rallied, closing up four cents to $15.66 and OCBC Bank five cents higher at $9.97. United Overseas Bank lost 16 cents to end at $19.49.

Property stocks also rebounded, with CapitaLand up four cents to $3.05 and City Developments 14 cents higher at $10.64.

The day's most active was Enviro-Hub, which dropped 1.2 cents to 11.5 cents with 398 million units done after it said its unit plans to buy a Cayman Islands company which owns the PoMo mall at Selegie Road.

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