The Straits Times Index (STI) has crossed 4,400 points after the mid-day break, hitting a new high.
As at 2.16pm, the benchmark index hit an intraday high of 4,402.995 points, with "serious buying" across the banking, property and industrial sectors, according to UOB Kay Hian's John Cheong.
Within the Singapore bourse, DBS Group Holdings, Jardine Matheson Holdings, United Overseas Bank (UOB), Singapore Exchange (SGX), Oversea-Chinese Banking Corporation (OCBC), Singapore Technologies Engineering (ST Engineering) and Keppel Limited were the highest advancers in terms of absolute value.
Of the 30 constituents, only Wilmar International is in the red while Thai Beverage (ThaiBev) and Genting Singapore were trading flat.
DBS Group Research has a year-end target of 4,430 points, while UOB Kay Hian's last target was at 4,602 points. JP Morgan, on Sept 22, increased its 12-month bull target to 6,000 points, up from 5,000 points previously.
The STI closed at 4,395.21, up 1.67%.
