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Singapore shares close 0.52% higher on Monday

Published on Mar 31, 2014 5:16 PM

Singapore shares opened the week higher, rising 16.45 points, or 0.52 per cent, to 3,188.62.

The cheer on the local bourse mirrored that seen across the region, where shares rallied for a fourth session.

"Shares have rebounded a bit recently after falling too much due to the Ukraine situation," said Sumitomo Mitsui Asset Management senior strategist Masaru Hamasaki in an interview with Bloomberg.

"Things haven't deteriorated further, giving a sense of relief to the market."

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