Singapore shares gain 0.39% on upbeat China manufacturing data

SINGAPORE shares rose amid a muted trading session on Monday, boosted by bright China manufacturing data.

The benchmark Straits Times Index added 12.41 points, or 0.39 per cent, to 3,188.76.

Some 1.45 billion shares worth $615 million changed hands.

Investors here and in the region were cheered by China's manufacturing purchasing managers' index out Sunday, which matched the 18-month high reached in October and outdid analyst expectations.

Here, 18 of the 30 STI component stocks closed higher, with 10 losers and two unchanged.

The gainers include Genting Singapore which put on four cents to $1.51.

Wilmar International also enjoyed a bright outing, adding four cents to $3.56, while fellow palm oil play Golden Agri-Resources also rose a cent to 58.5 cents.

Oil rig builder Keppel Corp edged up two cents to $11.33 but SembCorp Marine dropped four cents to $4.40.