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M&A, low-oil winners lift January market cap by 2.2%

Price changes were the main factor, with no new listings so far

Published Fri, Jan 30, 2015 · 09:50 PM

Singapore

THE value of Singapore's stock market rose for the third month in a row with low-oil beneficiaries and real estate counters leading the way.

The total market capitalisation of Singapore-listed stocks increased by 2.2 per cent to S$978.1 billion on Friday as January ended in positive territory. It was the third month-on-month increase in a row, and represented a 12 per cent year-on-year gain.