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Singapore: Shares end 0.4 per cent higher on Monday

SINGAPORE shares closed 0.4 per cent higher on Monday, with the Straits Times Index up 14.17 points to 3,315.13 as investors cheered news that crisis-mired Greece had proposed fresh reforms ahead of an emergency eurozone summit.

The blue-chip index was mainly lifted by Singtel, which gained 1.7 per cent or S$0.07 to S$4.30, and the three local banks.

In total, about 1.27 billion shares worth S$1.01 billion changed hands, which worked out to an average unit price of S$0.79 per share.

The most actively traded stock was Yuuzoo, which jumped 7.5 per cent or S$0.02 to S$0.285 with 75.1 million shares changing hands. Other actives included Healthway Medical and Magnus Energy.

Losers outnumbered gainers 226 to 198, or about eight down for every seven up.