M&A, low-oil winners lift January market cap by 2.2%

Singapore

THE value of Singapore's stock market rose for the third month in a row with low-oil beneficiaries and real estate counters leading the way.

The total market capitalisation of Singapore-listed stocks increased by 2.2 per cent to S$978.1 billion on Friday as January ended in positive territory. It was the third month-on-month increase in a row, and represented a 12 per cent year-on-year gain.

Price changes were the main factor during the month, with no new listings so far in 2015.

Sectoral themes were more pronounced during the month, with the continuing slump in oil prices playing a major part in guiding stoc…