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Singapore shares rise for first time in five days

Published on Jan 15, 2014 5:51 PM

Singapore's key Straits Times Index managed to break a four-day losing streak today to climb 19.5 points or 0.62 per cent to 3,143.25.

The rise, in line with most of its regional peers, was partly led by a positive outing in Wall Street - the S&P 500 ended the session 1.08 per cent higher while the Dow gained 0.71 per cent. The gains were driven by upbeat retail data in the United States, which alleviated traders' concerns over the strength of the world's largest economy.

Most other Asian markets notchedd up gains with Japan's Nikkei 225 up 2.5 per cent and Hong Kong's Hang Seng rising 0.5 per cent. Australia's ASX 200 rose 0.6 per cent.

In the Singapore market, gainers pipped losers 249 to 137 while 403 counters were unchanged.

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