Singapore shares rebound on Thursday; investors cheer China's factory output growth

THE Singapore market rose on Thursday, with the Straits Times Index up by 13.15 points or 0.41 per cent to 3,217.95.

The index had snapped a five-session winning streak with Wednesday's decline but the gains meant it returned to winning ways.

Sentiment was boosted by positive manufacturing numbers from China but an increase in short-term interest rates on the mainland injected some caution and limited the market's gains.

Commodities companies continued their recent strong run with Noble Group up by 1.5 cents or 1.4 per cent to $1.07 and Wilmar International ahead by three cents or 0.9 per cent to $3.45. Olam International advanced 1.5 cents or 1 per cent to $1.565.

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