Singapore shares close above 3,400 level on Thursday

SINGAPORE stocks finished almost 1 per cent higher on Thursday, with the Straits Times Index rising 32.13 points to 3,415.90.

It was a rollercoaster ride, with shares initially rising, sold down, and surging again in the last two hours of trading.

About 2.02 billion shares worth S$2.13 billion in total changed hands, which worked out to an average unit price of S$1.05 per share.

After reporting sterling results, DBS led the index, rising 5.3 per cent or S$1.35 to S$26.71.

The most actively traded counter was Marco Polo Marine, which rose S$0.001 to S$0.047 with 96.8 million shares changing hands. Other actives included Singtel and Jiutian Chemical.

There were 224 gainers versus 231 losers.