Singapore shares ticked higher as upbeat manufacturing data from the U.S. and China boosted overseas markets on expectations of global economic growth.
Shares of container shipper, Neptune Orient Lines , were the top gainer on the benchmark Straits Times Index, extending recent gains.
Shares of container shipper, Neptune Orient Lines , were the top gainer on the benchmark Straits Times Index, extending recent gains.
The stock has jumped about 12% over the past three sessions on market talk it may follow its rivals and raise its freight rates. By midday, NOL shares were up about 5% to $1.43.
By 1:00 a.m., the Straits Times Index (STI) <.FTSTI> was up 0.44%, or 12.8 points, at 2917.56. Around 1.58 billion shares worth $913 million were traded, compared with 2.1 billion shares worth $673.5 million by the same time on Wednesday.
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