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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.

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