Daily Markets Briefing: STI up 0.41%

Find out the index’s star performer.

According to KGI Fraser, the STI closed 12.41 points, or +0.4% higher at 3,038.11.

Genting Singapore, which climbed 7%, on the positive highlights from Las Vegas Sands Corp, was the star performer of the index, KGI Fraser said.

Here’s more from KGI Fraser:

As highlighted in yesterday’s Morning Buzz, Innovalues (IP SP, BUY TP: S$0.985) and Memtech (MTEC SP, BUY S$0.145) both gained 10% and 2.3%, respectively following strong results posted by General Motors, which showed a better than expected scorecard from China

U.S. stocks ended sharply higher Thursday, rallying on economic data, better-than-expected earnings and dovish comments from European Central Bank President Mario Draghi.

The Dow advanced 320.55 points, or 1.9%, to 17,489.16. McDonald’s contributed about 54 points to the gains in the blue-chips gauge after reporting better than expected earnings. The S&P 500 index jumped 33.57 points, or 1.7%, to 2,052.51, with only health-care stocks falling, down 0.5%.

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