Singapore stocks: STI resumes Wednesday afternoon up 1.31% on day

SINGAPORE stocks resumed trading on Wednesday afternoon higher, amid hopes that the worst may be over for the novel coronavirus situation, although investor concerns remain.Advancers outnumbered decliners 244 to 106, after about 987.6 million securities worth S$772.3 million changed hands.

Among the most heavily traded by volume as at 1.04pm, China Real Estate Group held steady at S$0.001 with 79.1 million shares traded, while Trendlines Group gained 0.3 Singapore cent or 2.4 per cent to S$0.127, with 53.3 million shares traded. Broadway Industrial Group rose 1.9 Singapore cents or 24.7 per cent to S$0.096, with 46.9 million shares traded.

Banking stocks were trading stronger by the afternoon. As at 1.04pm, DBS was up 33 Singapore cents or 1.3 per cent to S$25.42, UOB gained 35 Singapore cents or 1.4 per cent to S$26.13 and OCBC Bank rose 20 Singapore cents or 1.9 per cent to S$10.97.

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