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Market cap up 6.2% y-o-y

Value of stocks rises for 2nd consecutive quarter, thanks to banks, property firms

Published Mon, Jun 30, 2014 · 10:00 PM
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THE value of Singapore stocks rose for the second straight quarter on the back of banks and property companies, but the market limps into the second half with the World Cup taking a bite out of liquidity.

Analysts are expecting the blue chips to extend their gains for the rest of the year, with mergers and acquisitions still a key theme amid a challenging earnings outlook.

The total market capitalisation of Singapore-listed stocks rose 6.2 per cent year-on-year to $966.5 billion as of yesterday's close. Total market cap was up 5.5 per cent from the first quarter, which was in turn up 1.8 per cent from the end of 2013.

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