Local stocks rise with hope of a Greek fix

SINGAPORE stocks followed regional markets higher on Tuesday in anticipation of progress in the Greek debt crisis.

Commodity counters also saw weakness amid softness in crude palm oil (CPO) prices, while most blue chips turned in a solid session.

The Straits Times Index (STI) of large-cap stocks rose 16.31 points, or 0.48 per cent, to reverse its Monday decline and close at 3,437.61.

A total of 1.1 billion shares changed hands, about half the two billion daily average last year. But t…