Saturday, March 31, 2012

Singapore shares end firmer on bargain hunting

SINGAPORE : Share prices in Singapore closed on a firm note on Friday following light bargain hunting after the recent sell-off.

Traders said some buying support also came from window dressing at the close of the first quarter.

However most buyers remained cautious amid persistent worries over global growth and developments in the Eurozone.

The ST index climbed 16.37 points to 3,010.46 on a volume of 2,024 million shares.

Gainers outnumbered losers by 208 to 155.

Among actives, Genting Singapore fell half a cent to S$1.705 and SingTel added 3 cents to S$3.15.

Cyclical stocks that were sold in recent sessions made some recovery.

NOL gained 1.5 cents to S$1.415 while Olam International was up 2 cents at S$2.36.

Newly-listed Cordlife rose 4.5 cents to 72.5 cents, adding to its 37 percent rise in the previous session.

View the original article here

Source From Channel News Asia

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