Singapore shares rose by midday on Thursday, with banking stocks outperforming the broader market on expectations that strong loan growth in the last quarter of the year likely sustained the earnings’ momentum for 2011.
At 2:30 a.m., the Straits Times Index (STI) <.FTSTI> was up 0.3%, or 8.83 points, at 2,755.96. Some 642.9 million shares worth $593.4 million were traded.
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