Singapore shares end higher, in tandem with gains in other Asian markets
DBS is among the top advancers on Wednesday, rising 1% or S$0.34 to S$33.58.
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LOCAL stocks rose alongside regional peers on Wednesday (Apr 13), as traders shrugged off worries over inflation and any looming monetary tightening from the US Federal Reserve.
The benchmark Straits Times Index rose 0.4 per cent or 11.97 points to close at 3,342.22, marking the first day of gains this week. Across the broader market, advancers outpaced decliners 299 to 179, after 1.96 billion securities worth a total of S$1.1 billion changed hands.
Excluding China indices, Asian stock markets generally ended the day on a positive note. The Nikkei 225 rose 1.9 per cent; the Hang Seng Index added 0.3 per cent, and the Kospi gained 1.9 per cent. The KLCI, however, closed largely unchanged, up just 0.05 points.
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