Singapore Stock Market May Extend Tuesday's Gains

(RTTNews) - The Singapore stock market on Tuesday snapped the three-day losing streak in which it had plummeted almost 100 points or 4 percent. The Straits Times Index now rests just above the 2,515-point plateau and it may add to its winnings on Wednesday.

The global forecast for the Asian markets is upbeat on rising oil prices and hopes for stimulus in the United States. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference.

The STI finished sharply higher on Tuesday following gains from the financial shares, property stocks and industrial issues.

For the day, the index soared 30.79 points or 1.24 percent to finish at 2,515.70 after trading between 2,491.39 and 2,523.78. Volume was 1.42 billion shares worth 1.43 billion Singapore dollars. There were 250 gainers and 184 decliners.

Among the actives, Singapore Press Holdings skyrocketed 5.71 percent, while Ascendas REIT surged 2.61 percent, Singapore Exchange soared 2.59 percent, Mapletree Logistics spiked 2.37 percent, City Developments and SATS both accelerated 2.26 percent, CapitaLand Mall Trust jumped 2.16 percent, CapitaLand Commercial Trust climbed 1.89 percent, Singapore Airlines rallied 1.81 percent, Yangzijiang Shipbuilding gathered 1.68 percent, Thai Beverage perked 1.64 percent, Wilmar International advanced 1.53 percent, Comfort DelGro added 1.50 percent, CapitaLand gained 1.48 percent, United Overseas Bank rose 1.26 percent, DBS Group collected 1.23 percent, Mapletree Commercial Trust increased 1.10 percent, Oversea-Chinese Banking Corporation climbed 1.06 percent, Genting Singapore advanced 0.69 percent, SembCorp Industries added 0.59 percent, Keppel Corp gained 0.58 percent, Singapore Technologies rose 0.31 percent and SingTel was up 0.19 percent.
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