Singapore shares close up 1.09% on Tuesday
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Annabeth Leow
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TUESDAY saw the third straight day of gains on the local bourse, with the Straits Times Index (STI) closing up by 36.79 points, or 1.09 per cent, to 3,423.38.
Retailer F J Benjamin Holdings was slapped with a query by the bourse operator over a spike in activity.
Its price jumped by 2.5 Singapore cents, or 36.2 per cent, to 9.4 Singapore cents, on a turnover of 35.76 million shares.
The company said in response to the query that it was not aware of any possible explanation, besides a proposed renounceable non-underwritten rights cum warrants issue announced on Oct 23.
Yoma Strategic Holdings, which is selling shares in MM Myanmar Pte Ltd to the Catalist-listed SHC Capital Asia, was up by 1.5 Singapore cents, or 3.09 per cent, to S$0.50.
Meanwhile, Keppel Corporation shrugged off the news that a planned disposal of its stake in a China marina project is being blocked by the minority shareholder of that project.
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The counter put on S$0.12 for the day, or 1.63 per cent, to finish at S$7.49.
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