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Singapore stocks: STI resumes Tuesday afternoon trading, up 1.8% on day

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SINGAPORE equities resumed trading on Tuesday afternoon reversing losses at the open, with the Straits Times Index (STI) up 48.60 points or 1.8 per cent to 2,830.97 as at 1.06pm. Read more at The Business Times.

Across the market, advancers outpaced decliners 261 to 194. The bluechip index had four of the 30 counters trading in the red.

Singtel was the most traded STI counter. The telco was up S$0.08 or 2.9 per cent to S$2.89 with 30.1 million shares changing hands. The local lenders are also rebounding off their 52-week lows on Monday. DBS gained S$0.32 or 1.5 per cent to S$21.47, OCBC Bank added S$0.18 or 1.9 per cent to S$9.70. while United Overseas Bank was trading at S$21.89, advancing S$0.39 or 1.8 per cent as at 1.05pm.

Among real estate investment trusts , industrial and commercial reits resumed their climb. Ascendas Reit units added S$0.06 or 1.8 per cent to S$3.32 and Mapletree Commercial Trust units were trading S$0.04 or 1.8 per cent higher at S$2.25., was the STI's biggest gainer in percentage terms. The media and property group jumped S$0.16 or 9.2 per cent to S$1.90.

Elsewhere in the Asia-Pacific, equity benchmarks in Australia, China, Hong Kong, Japan, Malaysia, South Korea and Taiwan were also up after Monday's bloodbath, where they had fallen between 3 and 7 per cent.

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