08 Apr '11, 10am

Singapore shares end firmer following gains in Asian exchanges

SINGAPORE : Share prices in Singapore closed higher on Friday, helped by advances in Asian markets. Traders said optimism over the global economic recovery helped to firm buying sentiment in the region. Gains in Sembcorp Industries and Singapore Exchange also boosted buying in other local issues. The ST index added 15.66 points to end at 3,187.31 on a volume of 1,616.2 million shares. There were 298 gainers and 213 losers by the close of dealings. Energy, water and marine group Sembcorp Industries surged 15 cents to S$5.50 after several brokerages upgraded their target price for the firm, saying that the firm's shares were unvalued. Singapore Exchange rose 2.8 percent to finish at S$8.38. SGX said it would terminate the planned $7.8 billion merger with ASX after Australia decided to block the deal due to national interests. Among active stocks, Hutchison Port Holdings Trus...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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