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Singapore shares close up 0.54% on Monday

IT was up, up and away for Singapore equities on Monday, as the benchmark Straits Times Index added 19.07 points, or 0.54 per cent, to finish at 3,569.43.

Across the bourse, 1.84 billion shares - worth S$1.39 billion in all - changed hands, with gainers beating out losers 247 to 177.

The index is now sitting comfortably at a 10-year high.

It was borne aloft on Monday by gains from constituents such as bourse operator Singapore Exchange (SGX).

SGX swelled by S$0.37, or 4.64 per cent, to S$8.35, with 8.11 million shares traded.

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The gain came in the wake of the news that SGX will welcome dual-class shares here.

Singapore Technologies Engineering, which secured S$2.24 billion of new orders in all of 2017, put on S$0.04, or 1.21 per cent, to S$3.36, on a volume of 14.28 million shares.

Meanwhile, Sembcorp Marine saw a flurry of interest - to the tune of 31.19 million shares moving - as it added S$0.09, or 3.91 per cent, to close at S$2.39.

Beleaguered commodities trader Noble Group was up by 6.5 Singapore cents, or 31.71 per cent, to S$0.27 on a volume of 35.21 million shares.

This was thanks to a Bloomberg report on Monday that a Chinese conglomerate has expressed interest in buying control of the company.

Noble cited the news in its response to an SGX query on its trading activity.

Telco M1 was also hit with a query from the bourse operator over "unusual volume movements" in its shares.

It had a churn of 6.04 million shares, with the counter ticking up by S$0.06, or 3.33 per cent, to S$1.86.

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