The trio of banks also ended the day up. DBS gained 1.66 per cent or S$0.35 to close at S$21.40, while OCBC Bank inched up 1.05 per cent or S$0.09 to close at S$8.68.
UOB, similarly, closed up 0.98 per cent or S$0.19 at S$19.64. The bank said in a bourse filing on Monday that its Sydney branch has priced A$500 million of senior unsecured floating rate notes due October 2023, which will fall under its US$15 billion global medium-term note programme. Meanwhile, Dairy Farm International was top decliner for the day, falling 1.29 per cent or US$0.05 to close at US$3.83.
Advancers outnumbered decliners 272 to 174 on Monday, with 1.4 billion securities worth S$1 billion changing hands.The Shanghai Composite Index rose 2.64 per cent or 86.39 points to close at 3,358.47; with the Hang Seng Index tracking the mainland's gains to end at 24,649.68, up 2.20 per cent or 530.55 points.
Stephen Innes, AxiCorp's chief global markets strategist, said the rallies were"put down to expectations that President Xi's trip to Shenzhen could reveal more detailed policy plans and further liberalisation of the Chinese economy".BT is now on Telegram!
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »