Singapore stocks eke out gains in March amid banking jitters; market cap rises to S$819 billion

THE total market capitalisation of Singapore stocks gained S$3.8 billion or 0.5 per cent month-on-month to S$819.1 billion in March, despite a decline in banking and finance-related counters amid global banking woes.

Of the 630 companies listed on the Singapore Exchange (SGX) in March, losers outnumbered gainers 285 to 198.

Total market cap of counters listed on the SGX mainboard rose 0.5 per cent to S$810.9 billion, while the Catalist-listed counters slipped 1.6 per cent to S$8.3 billion.