Singapore stocks post modest gains after Wall Street rally, STI up 0.13%

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SINGAPORE shares eked out modest gains on Tuesday as Wall Street indices - propelled by continued positive sentiment on additional stimulus - hit fresh records on Monday. Read more at The Business Times.

In Singapore, some 2.38 billion securities worth S$1.30 billion changed hands. Across the market, advancers outpaced decliners 255 to 190.

Among the STI constituents, Yangzijiang Shipbuilding was the best-performing stock with shares climbing 6.7 per cent or 6.5 Singapore cents to S$1.04. On Monday, the shipbuilder said it bagged agreements to build and deliver 29 vessels with a total contract value of US$1.3 billion. At the bottom of the table was Thai Beverage, reversing gains following the group's confirmed plans to list its brewery unit. Shares of the Thai-based and Singapore-listed conglomerate fell 1.8 per cent or 1.5 Singapore cents to 82.5 cents. It was also the most heavily traded stock on the blue-chip index, with about 89.9 million shares changing hands.

Among the banking trio, DBS and UOB found themselves in the red. DBS lost 0.8 per cent or S$0.22 to S$25.93 while UOB shed 0.04 per cent or S$0.01 by S$23.84. OCBC continued to post gains, edging up 0.1 per cent or S$0.01 to S$10.45. Other heavily traded securities outside the STI include Thomson Medical, which was up 20.4 per cent or 0.01 Singapore cent to 5.9 cents, with 115.9 million shares traded. The mainboard-listed group on Monday posted a net profit of S$8.1 million for its first half ended Dec 31, 2020, a reversal from its loss of S$1.9 million in the year-ago period.For daily updates on weekdays and specially selected content for the weekend.

 

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