Singapore shares edged up by midday, supported by better-than-expected manufacturing data from the United States, but gains were limited by a decline in DBS Group Holdings.
The benchmark Straits Times Index was up 0.1% at 3,019.2, easing from an intraday high of 3,033.1.
Shares of DBS, Southeast Asia's largest bank, fell as much as 4% to a seven-week low, a day after announcing a plan to buy Bank Danamon Indonesia for US$7.2 billion ($9 billion).
By midday, DBS was down 3.2% at $13.73, with more than 12.7 million shares traded, making it the most actively traded stock by value.
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