Singapore stocks rebound on China stimulus measures; STI up 0.6%

SINGAPORE shares closed higher on Wednesday (Jan 24), reversing a losing streak since the start of the week.

The Straits Times Index (STI) rose 0.6 per cent or 18.08 points to end at 3,153.33. Across the broader market, advancers outnumbered decliners 343 to 206, after 1.7 billion securities worth S$938.1 million changed hands.

Most STI constituents were in the black on Wednesday. At the top of the index was real estate developer Hongkong Land , which rose 2.9 per cent or US$0.09 to US$3.19.