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Singapore index advances to near 4-month high

Published on Mar 31, 2014 12:34 PM
 

SINGAPORE (Reuters) - Singapore's main index rose for a fourth straight session on Monday to its highest in nearly four months, in line with the broader Asian market that rode on expectations of potential stimulus in China.

The Straits Times index advanced as much as 20.16 points, or 0.64 per cent, to 3,192.3, its highest since Dec 3 last year.

MSCI's broadest index of Asia-Pacific shares outside Japan rose more than 0.3 per cent on heightened speculation that Beijing will launch new spending measures and on easing tensions in Ukraine.

Among gainers, Thai Beverage PCL topped the Singapore index and rose as much as 3.4 per cent to an intra-day high of $0.61, on track for its biggest daily gain in nearly four weeks.

 
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