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Singapore stocks rebound, commodity firms lead gains

Published on Mar 11, 2014 1:24 PM

SINGAPORE (Reuters) - Singapore's stockmarket rebounded on Tuesday, with commodity firms helping the bourse recoup Monday's losses.

The benchmark Straits Times index was up 0.4 per cent at 3139.83 points as of midday, in line with the broader Asian market. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.4 per cent, after shedding 1.3 per cent on Monday.

Olam International led the index, gaining 3.4 per cent to hit a 16-month high of $1.955. Around 10.4 million shares had changed hands as of midday, nearly 1.8 times the average 30-day daily trading volume.

Golden Agri-Resources and Noble Group rose 3.4 per cent and 2.8 per cent respectively to hit intra-day highs of $0.605 and $1.11.

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