20 Apr '11, 10am

Singapore shares end 1.29% higher

SINGAPORE - Singapore shares ended 1.29% higher on Wednesday, after a robust earnings-driven session on Wall Street. The blue-chip Straits Times Index (STI) rose 40.43 points to close at 3,165.80. Overall volume traded was 1.46 billion shares worth S$1.75 billion. Gainers outnumbered losers 352 to 162. Oil and commodities stocks, which were among the main losers on Tuesday, led the bourse higher. Sembcorp climbed 4.0% to S$5.50 and Noble Group rose 3.2% to S$2.24. Palm oil plays also rose, with Wilmar International 1.9% higher at S$5.27 and Olam International up 1.4% at S$2.95. Meanwhile gaming group Genting Singapore, which owns the Resorts World Sentosa casino resort, gained 2.4% to S$2.18.

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

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