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Singapore shares close up by 0.45% on Monday

SINGAPORE shares finished higher on Monday, with the benchmark Straits Times Index advancing by 15.85 points, or 0.45 per cent, to 3,536.41.

Across the bourse, 2.25 billion shares worth close to S$1.06 billion changed hands, although losers beat out gainers 238 to 206.

Catalist-listed manufacturer JEP Holdings was slapped with a query by the bourse operator, after the counter powered to the top of the actives list on a volume of 193.8 million shares.

JEP put on 0.4 Singapore cent, or 7.02 per cent, to finish at 6.1 Singapore cents.

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Meanwhile, the index got a lift from the strong trading value of constituents such as Keppel Corporation, which added S$0.13, or 1.63 per cent, to S$8.12 on a turnover of nearly 5.32 million shares.

City Developments Ltd was higher by S$0.32, or 2.45 per cent, to S$13.36, with almost 3.53 million shares traded.

And all three local banks buzzed after news reports that they have hiked home loan interest rates.

DBS Group was higher by S$0.20, or 0.76 per cent, at S$26.54, while OCBC Bank ticked up by S$0.09, or 0.69 per cent, to S$13.08 and UOB gained S$0.23, or 0.83 per cent, to S$28.10.

But Singtel was more lacklustre. It closed flat at S$3.60, after more than 18.5 million shares changed hands.

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