SingPost, privatisation plays underpin activity

A few weeks ago, privatisation fever gripped the market, triggered by takeover exercises involving CapitaMalls Asia and Hotel Properties Ltd.

A week ago, the government's revamp of the transport sector provided some spark for the market, although there were only really three beneficiaries - SMRT, ComfortDelGro and SBS Transit.

This week, it was news that China Internet firm Alibaba is buying into SingPost, which gave daily trading a shot in the arm, though in yesterday's session, privatisation speculation propelled climbs in the shares of Tiger Air and GuocoLeisure.