Singapore shares rebound 0.5% by midday

Singapore shares rebounded in Thursday morning trade, with the benchmark Straits Times Index rising 14.8 points, or 0.49 per cent, to 3,019 as at 12.45pm.

Most other markets in Asia were also higher, as investors showed more calm on signs that anticipated military strikes by the United States against Syria may not be as imminent as they had feared.

The Singapore market saw heavy trading by midday, with 2.2 billion shares worth $584.6 million changing hands. Gainers led losers 182 to 133, while 486 counters remained unchanged.

Top gainers included UOB, which rose 23 cents to $20.28, while Keppel Corp was among the top losers, shedding 13 cents to $10.10.