Singapore stocks track Wall Street gains, STI up 0.84%

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SINGAPORE stocks tracked last Friday's Wall Street gains on expectations for a US stimulus package. Read more at The Business Times.

The local lenders led the gains on the STI with the trio emerging among the top-performing stocks for the day. DBS was the second best-performing stock on the blue chip index, advancing S$0.87 or 3.4 per cent to S$26.15. OCBC added S$0.14 or 1.4 per cent to S$10.44, and UOB rose S$0.31 or 1.3 per cent to S$23.85.

At the top of the table was Singapore Airlines, with shares climbing S$0.16 or 3.8 per cent to S$4.33. The most heavily traded by volume was Thai Beverage, which gained S$0.02 or 2.4 per cent to S$0.84 after over 52.2 million shares changed hands. Shares of the Thai-based and Singapore-listed conglomerate rallied more than 3 per cent on Friday, after the group confirmed plans to list its brewery unit in Singapore.

At the bottom of the table was Jardine Matheson Holdings, dipping US$1.91 or 3.3 per cent to US$55.99. Outside the index, shares of mainboard-listed mm2 Asia fell 3.7 Singapore cents or 30.8 per cent to 8.3 cents. This comes after the entertainment group on Sunday announced that a Singapore private equity investor is interested in investing in its core businesses.For daily updates on weekdays and specially selected content for the weekend. Subscribe to

 

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