- POSTED: 15 Jan 2014 20:00
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Singapore shares closed higher on Wednesday, lifted by overnight gains on Wall Street as surprising strength in US consumer spending reassured investors of a recovery in the US economy.
SINGAPORE: Singapore shares closed higher on Wednesday, ending a four-session losing streak.
Dealers said the market was lifted by overnight gains on Wall Street as surprising strength in US consumer spending reassured investors of a recovery in the US economy.
The Straits Times Index rose 19.50 points, or 0.62 per cent, to 3,143.25.
On the broader market, gainers led losers 269 to 147, and volume totalled 3.44 billion shares worth S$1.08 billion.
Banks finished mixed, with DBS rising 11 cents to S$17.34, OCBC Bank gaining 3 cents to S$9.73, and UOB dropping 5 cents to S$20.71.
Jardine C&C moved up S$1.82 to S$39.40, Haw Par rose 10 cents to S$8.38, and SingTel edged up 1 cent to S$3.52.
Among the losers, Isetan fell 17 cents to S$4.23, Petra dropped 8 cents to S$3.12, while Yeo Hiap Seng lost 5 cents to close at S$2.29.