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19 Sep '12, 5am

Hot Stocks STOCKS NEWS SINGAPORE-Shares edge higher, SIA leads gainers

Hot Stocks STOCKS NEWS SINGAPORE-Shares edge higher, SIA leads gainers

Singapore shares edged higher at midday, in tandem with other Asian bourses, boosted by the Bank of Japan's move to ease monetary policy by topping up its asset-buying and loan programme. Singapore Airlines was the largest gainer on the Straits Times Index (STI), rising 1.8 percent to S$10.76, as oil prices fell for the third straight day and the once-bankrupt Japan Airlines made a strong trading debut, boosting sentiment in the sector. By midday, the STI was up 0.3 percent at 3,076.30 points, and the MSCI Asia Pacific ex-Japan was up 0.6 percent, rebounding from the morning's losses. Shares of Thai Beverage PCL jumped as much as 21.7 percent to a record after the brewer agreed to support the sale of Fraser and Neave Ltd's stake in Asia Pacific Breweries to rival Heineken NV. ThaiBev shares were up 17.4 percent at S$0.405, with over 139.2 million shares traded, making it t...

Full article: http://www.reuters.com/article/2012/09/19/markets-singapo...

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