Singapore shares edged slightly higher by midday on Wednesday, tracking gains in other bourses, as economic data from China pointed to a soft lending that will allow officials to ease monetary policy.
Commodity firms Olam International (OLAM.SI) and Noble Group (NOBG.SI) outperformed the broader market, as investors increased positions in cyclical stocks in anticipation of a rally before the Chinese New Year holidays.
Commodity firms Olam International (OLAM.SI) and Noble Group (NOBG.SI) outperformed the broader market, as investors increased positions in cyclical stocks in anticipation of a rally before the Chinese New Year holidays.
At 1:00 a.m., the Straits Times Index (STI) <.FTSTI> was up 0.14%, or 3.96 points, at 2,819.81. It reversed earlier losses after Hong Kong's Hang Seng Index <.HSI> opened higher, traders said.
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