SINGAPORE stocks continued their recovery as trading resumed on Monday afternoon, with the Straits Times Index climbing 0.54 per cent or 16.97 points on the day to 3,132.00 as at 1.04pm.
Shares of gold exploration and mining firm LionGold were unchanged at S$0.001 after about 93 million shares were traded.Oilfield equipment supplies and services company Magnus Energy was flat at S$0.001 before it initiated a trading halt during Monday's midday trading break, ahead of a pending announcement.Among active STI index stocks, Genting Singapore traded up S$0.02 or 2.3 per cent to S$0.895.
In Asia, markets rallied on Monday following a strong lead from Wall Street and an extra tailwind from a move by China's central bank to change the way a key interest rate benchmark is set, seen by analysts as reducing borrowing costs for companies.