S'pore market cap up 2.3% from Feb

THE value of the Singapore stock market rose month-on-month to close the first quarter at $915.9 billion, with large-caps and the commerce sector leading the way.

The total market capitalisation of Singapore-listed stocks gained 2.3 per cent against February, but was down 3.5 per cent year-on-year. Month-on-month, gainers outnumbered losers 358 to 318. But there were 395 losers to 287 gainers on a year-on-year basis.

The quarter began on a sour note, with January falling in value against December 2013. But the market grew steadily over the next two months, and on a quarter-on-quarter basis total market cap was up 1.8 per cent.