Singapore stocks end 0.35% higher in line with other Asian bourses

A total of 1.42 billion shares changed hands with turnover of S$1.05 billion.
A total of 1.42 billion shares changed hands with turnover of S$1.05 billion. PHOTO: BLOOMBERG

SINGAPORE - Singapore stocks finished higher on Wednesday in line with other Asian bourses, with the benchmark Straits Times Index (STI) up 11.55 points, or 0.35 per cent, to close at 3,351.33.

A total of 1.42 billion shares changed hands with turnover of S$1.05 billion.

Gainers outnumbered decliners 273 to 163, while 525 others finished unchanged.

Among gainers, Noble Group climbed 2.9 per cent to 71.5 cents in active trading. The commodity trader embarked on additional share buy-back and its second-largest shareholder China Investment Corp, China's sovereign wealth fund, voiced support for the company.

Among top decliners, Innovalues tumbled 8.9 per cent to 72 cents. The precision components manufacturer was queried by the Singapore Exchange regarding unusual price movements in its shares. Innovalues responded that it is not aware of any information not previously announced which might explain the trading.

The STI index gained 24.65 points, or 0.74 per cent, to close at 3,339.78 on Tuesday.