(RTTNews) – The Singapore stock market on Tuesday wrote a finish to the two-day slide in which it had fallen almost 40 points or 0.9 percent. The Straits Times Index now rests just above the 4,380-point plateau although it may spin its wheels again on Wednesday.
The global forecast for the Asian markets is murky, with optimism over earnings likely offset by profit taking. The European markets were slightly higher and the U.S. bourses were mixed and flat and the Asian markets figure to follow the latter lead.
The STI finished sharply higher on Tuesday following gains from the financial shares, property stocks, REITs and industrials.
For the day, the index climbed 52.12 points or 1.20 percent to finish at 4,381.05 after trading between 4,373.38 and 4,400.39.
Among the actives, CapitaLand Ascendas REIT and United Overseas Bank both gathered 0.70 percent, while CapitaLand Integrated Commercial Trust added 0.84 percent, City Developments climbed 1.29 percent, DBS Group picked up 0.63 percent, DFI Retail Group rallied 1.77 percent, Genting Singapore vaulted 1.38 percent, Hongkong Land gained 0.81 percent, Keppel DC REIT improved 1.28 percent, Keppel Ltd strengthened 1.60 percent, Mapletree Pan Asia Commercial Trust, Mapletree Industrial Trust perked 0.47 percent, Mapletree Logistics Trust rose 0.79 percent, Oversea-Chinese Banking Corporation collected 0.60 percent, SATS increased 1.19 percent, Seatrium Limited expanded 1.46 percent, SembCorp Industries surged 2.41 percent, Singapore Technologies Engineering accelerated 1.85 percent, SingTel jumped 1.66 percent, Thai Beverage soared 2.08 percent, UOL Group advanced 1.14 percent, Wilmar International was up 0.34 percent, Yangzijiang Financial spiked 1.92 percent, Yangzijiang Shipbuilding skyrocketed 2.52 percent and CapitaLand Investment and Comfort DelGro were unchanged.
