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Singapore shares up for second day, led by commodity firms

Published on Mar 5, 2014 1:13 PM

SINGAPORE (Reuters) - Singapore shares rose slightly on Wednesday, heading for a second consecutive session of gains, with commodity firms Noble Group and Olam International among the biggest gainers.

The benchmark Straits Times Index was up 0.2 per cent, while MSCI's broadest index of Asia-Pacific shares outside Japan was 0.7 per cent higher.

The prices of soft commodities have been rising over the past couple of months due to dry weather in key producing parts of the world such as Brazil, California and Southeast Asia, Barclays said in a report.

Political unrest in Ukraine and Russia also threatens supplies from that part of the world, Barclays said.

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