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Singapore shares close 0.5 per cent higher on Thursday

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SINGAPORE stocks closed 0.5 per cent higher on Thursday, with the Straits Times Index (STI) gaining 13.97 points to 2,877.62 at the end of a shortened trading session.

The blue-chip index got the lift after a continued rise in crude oil prices, though analysts warned that this uptrend could be short-lived.

About 547.4 million shares worth S$377.7 million in total changed hands by 12.30pm, which worked out to an average unit price of S$0.69 per share.

The most actively traded counter was Catalist-listed Vashion, which was flat at S$0.001 with 23.9 million shares changing hands. Other actives included China New Town and Ezra.

Gainers outnumbered losers 187 to 133, or about seven up for every five down.