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Singapore shares close 0.5% up on Monday

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A man walks in front of the Singapore Exchange building (SGX) at the financial district in Singapore on Aug 25, 2015.

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.