Singapore stocks edge up tracking Wall Street rally; STI up 0.4%

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SINGAPORE shares were pulled into positive territory on Wednesday, led by Wall Street gains overnight. Read more at The Business Times.

Sunpower Group was also up, gaining two Singapore cents or 2.2 per cent to 94.5 cents, after the environmental solutions firm on Tuesday said it has bagged a 141 million yuan Separately, Yoma Strategic sank 7.5 Singapore cents or 27.3 per cent to 20 cents, while Memories Group was flat at 4.1 Singapore cents.

. They also noted that some of their businesses were disrupted intermittently on Monday due to outages in the telecommunications network which has since recovered.amid optimism over more fiscal stimulus and receding unease over last week's buying frenzy. The Dow Jones Industrial Average finished with a gain of 1.6 per cent at 30,687.54. The broad-based S&P 500 added 1.4 per cent to close at 3,826.26, while the tech-rich Nasdaq Composite Index rose 1.6 per cent to 13,612.78., on hopes of a faster economic recovery, with some upbeat economic growth data and encouraging outlook on big names such as Airbus and LVMH putting a pan-regional index on course to erase last week's hefty losses.

 

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