Singapore shares on track for biggest gain in 1 month
Published on Mar 24, 2014 1:52 PM
SINGAPORE (Reuters) - Singapore stock index rose about 1 per cent on Monday, on course for its biggest daily gain in more than a month, as regional markets shook off the gloom from weak Chinese manufacturing data.
The benchmark Straits Times index rose about 1 per cent to 3,103.05 as of midday, after finishing the previous week nearly flat. MSCI's broadest index of Asia-Pacific shares outside Japan was up nearly 0.5 per cent.
Conglomerate Jardine Matheson Holdings led the index, rising as much as 4.8 per cent to an intra-day high of $58.20, putting it on track to its biggest daily gain in more than three weeks.
Its subsidiary Jardine Strategic Holdings rose nearly 2.4 per cent.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!