Singapore market cap ekes out gains after choppy Q3

Total value of shares up 8.2% to $917.2b; five more firms join billion-dollar club

Published Mon, Sep 30, 2013 · 10:00 PM
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THE value of the Singapore stock market just made it back into positive territory after a see-sawing Q3, and analysts expect continued volatility to place a premium on careful stock picking.

The total value of all the shares on Singapore Exchange rose 8.2 per cent year on year to $917.2 billion as at end-September, according to preliminary data compiled by The Business Times.

Aggregate market capitalisation is up 0.8 per cent versus the end of the first half, and up 3.4 per cent against end-2012.

But the end-of-quarter numbers hide the volatility during the past three months, when market cap actually fell year-to-date in August amid concerns about the tapering of US quantitative easing and about tension in Syria…

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