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Singapore shares firm in the wake of Wall Street advance

In Singapore, stocks closed firmer after the overnight advance in US markets. 

SINGAPORE : Share prices in Singapore closed firmer on Wednesday following the overnight advance on Wall Street.

US stocks reached fresh highs on Tuesday following solid manufacturing orders data and strong results from US automakers, with the Dow Jones Industrial Average closing up 89.16 points to a record 14,662.01.

Trading however remained cautious as concerns over the Korean situation continued to dampen sentiment.

The ST index edged up 4.18 points to 3,321.77 on a volume of 3.3 billion shares.

There were 223 advances against 216 declining issues by the close of dealings.

Among actives, Thai Beverage fell 1.5 cents to 63.5 cents while Golden Agri-Resources eased half a cent to 57.5 cents.

CapitaMall Trust and SPH were among the best performing STI component stocks.

CapitaMall rose 4 cents to S$2.14 and SPH rose 10 cents to S$4.59.