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Singapore index hits 2-week high

Published on Mar 26, 2014 2:01 PM
 
Singapore stock market rebounded to hit a two-week high, tracking regional markets that gained on upbeat Us consumer confidence data and lingering hopes of China's stimulus. -- ST FILE PHOTO: BRYAN VAN DER BEEK

SINGAPORE (REUTERS) - Singapore stock market rebounded to hit a two-week high, tracking regional markets that gained on upbeat US consumer confidence data and lingering hopes of China's stimulus.

The benchmark Straits Times index was up more than 1.1 per cent at 3,139.14 as of midday. The index fell 0.25 percent on Tuesday. MSCI's broadest index of Asia-Pacific shares outside Japan was up nearly 1.1 per cent.

Noble Group topped the index, rising as much as 4.5 per cent to an intra-day high of $1.15, highest in more than 10 months. By midday, 47.1 million shares changed hands, nearly twice the average 30-day daily trading volume.

The worst performer of the index, Hongkong Land Holdings was headed for its biggest daily loss in one week, declining 2.3 per cent to an intra-day low of $6.24.

 
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