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SINGAPORE : Stocks in Singapore closed 0.36 per cent higher on Thursday on bargain-hunting.
Dealers added that shares were also boosted by increased confidence in the United States and Europe.
They said Asian markets were generally lifted by a rise on Wall Street after the Federal Reserve's Beige Book showed the US economy continued growing from mid-July to the end of August, albeit "with widespread signs of a deceleration".
Improved sentiment in Europe also helped, after a successful sovereign bond
issue by Portugal.
The Straits Times Index rose 10.86 points to end at 3,022.28.
Volume was 1.37 billion shares.
Gainers led losers 260 to 162.
Among property stocks, CapitaMalls Asia was up 1.4 per cent at S$2.23, CapitaLand gained 1.3 per cent to S$3.99, while City Developments rose 0.9 per cent to S$11.78.
Olam International was 2.6 per cent higher at S$2.79, while Noble Group rose 1.2 per cent at S$1.70.
Neptune Orient Lines climbed 1 per cent to S$2.00, while Singapore Telecommunications fell 1 per cent to S$3.06.
Singapore Airlines rose 1.14 per cent to S$16, while DBS Group Holdings was up 0.28 per cent at S$14.16. - CNA/AFP/ms
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