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Singapore shares close 0.5% up on Monday
LOCAL shares ended 0.5 per cent higher on Monday, with the Straits Times Index ending 14.61 points up at 3,083.07.
The bluechip index got a lift in the morning after China eased monetary policy on Friday, cutting both interest rates and lenders' reserve requirements. But the intra-day trend was a gradual downwards slide.
About 1.81 billion shares worth S$1.12 billion in total changed hands, which worked out to an average unit price of S$0.62 per share.
The most actively traded stock was New Silkroutes, which finished flat at S$0.001 with 319.1 million shares changing hands. Other actives included Noble Group and Addvalue Technologies.
Gainers outnumbered losers 230 to 185, or about five up for every four down.