Daily Markets Briefing: STI up 0.4%

Discover who the biggest gainers were.

According to KGI Fraser, Asian markets continued to surge on Thursday, compounding Wednesday’s gains. The STI closed up 10.96 points, or 0.4%, to end the day at 2,801.85.

The Singapore benchmark surged during the morning and hovered around the 2,815 levels before paring gains at the last hour of trading.

The biggest percentage gainers in the index were SATS (+3.13%), Hongkong Land (+2.6%) and ComfortDelGro (+2.1%); while Noble Group (-1.2%), Keppel Corp (-0.9%) and Sembcorp Marine (-0.9%) led the decliners.

Here's more from KGI Fraser:

U.S. stocks ended the day mixed in a rollercoaster ride that saw stocks swing between gains and losses in a manner that was characteristic of the previous quarter.

Bargain hunters trying to pick up beaten down stocks, were kept in check as concerns about global growth and its impact on the U.S. economy continued to worry the market.

The S&P 500 edged up 3.79 points or, 0.2%, to close at 1,923.82. The Dow slid 12.69 points to finish at 16,272.01, while the Nasdaq Composite ticked up 6.92 points, or 0.2%, to 4,627.08.