Singapore market cap up four months in a row

Singapore

SINGAPORE stocks continued on its northward bound journey through February as investor sentiment was upbeat, buoyed by fresh highs on Wall Street.

February's market capitalisation for the 750 Singapore-listed companies was the highest in 19 months, inching up 1.6 per cent to clock its fourth consecutive month-on-month gain at S$930 billion.

On a year-on-year basis, total market value surged 13.2 per cent from S$821.9 billion in February 2016.

The broader market had a strong showing for the month with gainers bea…