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Singapore Bourse May Extend Thursday's Gains

(RTTNews) - The Singapore stock market rebounded on Thursday, one day after it had snapped the two-day winning streak in which it had gathered more than 45 points or 1.5 percent. The Straits Times Index now rests just beneath the 3,170-point plateau and it may see additional support on Friday.

The global forecast for the Asian markets suggests mild upside on the back of tech shares after solid earnings news. The European markets were up and the U.S. bourses were mixed and the Asian markets figure to split the difference.

The STI finished modestly higher on Thursday following gains from the financial shares, industrials and plantation stocks, while the properties were mixed.

For the day, the index advanced 24.59 points or 0.87 percent to finish at 3,168.87 after trading between 3,153.93 and 3,176.60. Volume was 1.31 billion shares worth 1.10 billion Singapore dollars. There were 244 gainers and 136 decliners.

Among the actives, Golden Agri-Resources surged 4.76 percent, while Keppel Corp soared 2.23 percent, Singapore Technologies Engineering spiked 1.54 percent, DBS Group accelerated 1.17 percent, Thai Beverage tumbled 1.09 percent, United Overseas Bank jumped 0.97 percent, Ascendas REIT climbed 0.96 percent, Singapore Press Holdings advanced 0.90 percent, Oversea-Chinese Banking Corporation collected 0.85 percent, Wilmar International added 0.82 percent, Singapore Airlines sank 0.77 percent, CapitaLand gained 0.55 percent, Genting Singapore shed 0.54 percent, Yangzijiang Shipbuilding rose 0.53 percent, CapitaLand Commercial Trust gathered 0.49 percent, Comfort DelGro gathered 0.41 percent, CapitaLand Mall Trust lost 0.38 percent, SingTel was up 0.31 percent and Mapletree Commercial Trust and SembCorp Industries were unchanged.
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