Singapore Shares Edge Up 0.2% in Likely Technical Recovery -- Market Talk

Dow Jones04-17

0121 GMT - Singapore's FTSE Straits Times Index edges 0.2% higher at 3151.04 in morning trade, in a possible technical recovery after the benchmark index fell for the past four sessions. However, gains could be limited following data released earlier today that showed the city-state's March non-oil domestic exports dropped by more than expected. Among the best performers on the STI, Thai Beverage rises 1.0%, Jardine Matheson Holdings is up 1.1% and Sembcorp Industries adds 0.6%. Meanwhile, top decliners include Yangzijiang Shipbuilding, which falls 1.7%, and Wilmar International, which is down 0.6%. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

April 16, 2024 21:21 ET (01:21 GMT)

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