- POSTED: 28 Jan 2014 19:45
Singapore shares snapped a 3-day losing streak on Tuesday to end higher on bargain-hunting.
SINGAPORE: Singapore shares snapped a 3-day losing streak on Tuesday to end higher.
Dealers said stocks were lifted by bargain-hunting, despite concerns about China's economic slowdown and pressures from emerging markets' turmoil.
Other Asian markets were also relatively calm after a global sell-off that saw heavy losses in recent sessions.
The Straits Times Index gained 19.98 points, or 0.66%, to close at 3,062.41.
However on the broader market, declining issues outnumbered advancers by 214 to 183.
Total volume stood at 2.09 billion shares valued at S$1.17 billion.
Banks finished firmer, with DBS rising 8 cents to S$16.65, UOB gaining 21 cents to S$20.31, and OCBC Bank adding 3 cents to S$9.47.
Telco stocks also ended stronger -- SingTel rose 5 cents to S$3.55, while Starhub moved up 6 cents to S$4.25.