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Singapore shares end at record high; further gains seen

Singapore shares end at record high; further gains seen

Singapore's benchmark Straits Times Index inched upwards to close at a record high Thursday, boosted in part by similar gains in other regional markets and on Wall Street.
Traders said the index is likely to post further gains Friday but is not expected to close the year's trading above the 3000-point mark.
The STI closed up 2.24 points, or less than 0.1 percent, to finish at 2963.49 points, after hitting an intraday high of 2981.83.
Volume was 1.74 billion shares, compared with 1.38 billion shares traded Wednesday. On Tuesday, the first trading day after Christmas, volume was just 753.3 million shares.
In the broader market, gainers led losers 425 to 236.
Across the region, the Hang Seng Index rose 1.4 percent to 20,001.91 _ its third consecutive record high.
The Nikkei ended up 0.01 percent at 17224.81 and the Kospi closed up 0.7 percent at 1434.46.
Overnight in the United States, the Dow Jones Industrial Average ended up 102.94 points at a record high of 12510.57, while the tech-heavy Nasdaq gained 17.71 points to close at 2431.22.
In Singapore, the most active stock was Genting International, which climbed 15.6 percent to 74 Singapore cents. The company, which won a bid to build Singapore's second casino-resort, saw trading volume of 176 million shares.
Singapore Telecommunications advanced 1.25 percent to S$3.24, reversing Wednesday's dip. The company said it is working closely with its consortium partners to repair undersea cables affected by the recent earthquake near Taiwan.
Neptune Orient Lines gained 1 percent to finish at S$2.11. The company said Wednesday it has received a license to provide container, transportation and logistics services in Vietnam.


Updated : 2021-03-08 15:48 GMT+08:00