Singapore shares soar on Wednesday; STI crosses 3,000 mark

SINGAPORE shares closed higher on Wednesday, with the Straits Times Index up 52.35 points or 1.8 per cent to close at 3,018.80. The STI had closed below its key support level of 3,000 for consecutive sessions since trading ended on Oct 26 at 2,972.02. About 2.27 billion shares worth S$1.48 billion in total changed hands, which worked out to an average unit price of S$0.65 per share.

Gainers outnumbered losers 259 to 151.

The most actively traded stock was Genting Singapore, which rose S$0.02 to S$0.88 with 52.9 million shares changing hands.