Alexa
  • Directory of Taiwan

Singapore shares end higher; broad strength in blue chips

Singapore shares end higher; broad strength in blue chips

Singapore shares closed up Wednesday after touching a record high intraday on broad strength in blue chips.
The Straits Times Index was up 18.72 points, or 0.6 percent, at 2961.25 with advancers outnumbering decliners by a ratio of 2.8 to 1 on the broad market. The index hit a high of 2971.53 intraday.
Volume rose to 1.4 billion shares from Tuesday's 753.3 million, boosted by active trading in penny stocks.
CapitaLand was among the STI's top gainers, closing up 2.5 percent at 6.10 Singapore dollars after announcing another acquisition of land in China for residential development.
DBS Vickers reiterated its buy rating and S$6.85 target on CapitaLand.
Oil rig builder SembCorp Marine gained 1.2 percent to S$3.46 after securing a US$58 million tanker conversion contract.
DBS Vickers reiterated its buy rating on the stock and S$4.08 price target.
Singapore Telecommunications was down 0.6 percent at S$3.20 after an earthquake in Taiwan damaged several undersea cables that carry Internet traffic. Two of the affected cables are part-owned by SingTel.
Industrial & Commercial Bank of China warrants were up 109 percent at S$1.80 on speculation the bank will be added to the Hang Seng index.


Updated : 2021-04-19 18:29 GMT+08:00