SINGAPORE stocks resumed trading in positive territory on Wednesday, with the Straits Times Index gaining 0.2 per cent, or 6.48 points to 3,216.06, as at 1.03pm.further lowered their 2019 growth forecast for Singapore to 2.1 per cent
Among the most heavily traded by volume, Thomson Medical was up 1.7 per cent, or 0.1 Singapore cent to six cents, with 13.8 million shares traded, while YZJ Shipbuilding gained 0.7 per cent, or one cent to S$1.45, with 12.3 million shares traded.Following the midday break, all three banking stocks were in the green - UOB gained 0.8 per cent, or 19 Singapore cents to S$24.72, DBS rose 0.7 per cent, or 18 cents to S$24.86, and OCBC edged up 0.2 per cent, or two cents to S$10.83.
Stephen Innes, managing partner at Vanguard Markets, noted that investors remain"spooked the extradition bill could have far-reaching consequences for attracting overseas talent, and does question the viability of Hong Kong as a leading financial hub". On the commodities front, chatter of global rate cuts kept gold near 14-month highs at US$1,335.51 per ounce, data from Reuters shows.
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