Singapore shares inched higher by midday, snapping two straight days of losses, but gains were limited by concerns over political uncertainty and disappointing data in Europe.
The benchmark Straits Times Index was up 0.2% at 2,969.63 points. There were 231 gainers and 171 losers, with 138 stocks unchanged.
“The market expected a poorer performance in U.S. equities last night, so this has caused some short covering today,” said Ng Kian Teck, lead analyst at SIAS Research.
Property companies were among the largest gainers on the benchmark index. Shopping centre developer CapitaMalls Asia rose 1.3% to $1.56, while its parent CapitaLand climbed 1% to $2.94.
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