Singapore shares rise on Monday; STI up 0.3%

businesstimes03-24

[SINGAPORE] Singapore shares ended higher on Monday (Mar 24), bucking a regional trend.The Straits Times Index (STI) rose 0.3 per cent or 9.88 points to 3,936.33.The trio of local banks closed mixed ...

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DBS was up 0.4 per cent or S$0.18 at S$45.49, OCBC gained 0.5 per cent or S$0.08 to end at S$17.06, while UOB lost 0.3 per cent or S$0.11 to finish at S$37.84.The top gainer on the STI was DFI Retail Group, which rose 4 per cent or US$0.09 to US$2.34 after it had announced the sale of its Singapore supermarket chains Cold Storage and Giant to a Malaysian retail conglomerate.The index’s biggest loser was Yangzijiang Shipbuilding. The counter fell 2.8 per cent or S$0.07 to S$2.40.Across the broader market, advancers outnumbered decliners 276 to 226, after 1.1 billion securities worth S$1.1 billion changed hands.Start and end each day with the latest news stories and analyses delivered straight to your inbox.Most major indices across the region were down on Monday. The Kospi lost 0.4 per cent, the Nikkei 225 slipped 0.2 per cent and the KLCI dipped 0.1 per cent. 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