Tech stocks propel Singapore market

SINGAPORE stocks extended gains from late last week, with the Straits Times Index (STI) rising 40.89 points, or 1.34 per cent to 3,093.38. Gainers outnumbered losers 210 to 154, after about 1.6 billion shares worth S$853.8 million changed hands.

Tech counters as well as offshore-and-marine and oil-linked penny stocks hogged the limelight.

Electronics manufacturing services provider Venture Corp rose 77 Singapore cents or 5.2 per cent to S$15.49, while contract manufacturer Hi-P International rose 25 Singapore cents or 30.9 per cent to S$1.06, and consumer electronics maker Creative Technology added 19 Singapore cents or 3.4 per cent to S$5.79.