Singapore share prices closed 1.11 percent higher on Monday, on a technical rebound supported by Friday's sharp gains on Wall Street after strong US third quarter growth figures, dealers said. The Straits Times Index rose 24.36 points to 2,216.77.
Volume traded totalled 675 million shares worth 910 million Singapore dollars (538 million US), down from 705 million shares worth 728 million dollars on Friday.
There were 321 rising issues, 164 losers and 647 issues were even.
The gains are however likely to be short-lived amid the public holidays on Tuesday and Thursday, dealers said.
"I think this (index rise) is very tentative because this is a shortened week, so the upside is not that much," said Fraser Securities research head Najeeb Jarhom.
Banks were the key winners after DBS and United Overseas Bank (UOB), the two largest domestic lenders, posted bigger profits in the three months to September, dealers said.
UOB gained 20 cents to 13.80, DBS was 10 cents up at 15.30 and Oversea-Chinese Banking Corp added 10 cents to 6.30.
For other blue chips, Singapore Telecommunications was steady at 2.33, Singapore Press Holdings jumped four cents to 4.48, Singapore Airlines was even at 11.20 and ST Engineering rose two cents to 2.55. Property stocks were higher with CapitaLand up six cents to 3.18, City Developments gained 40 cents to 8.80 and Keppel Land rose six cents to 3.82.
In the technology sector, Chartered Semiconductor was two cents higher at 1.05, STATS ChipPAC gained 2.5 cents to 93 cents while Venture was steady at 12.30 and Creative Technology was even at 12.50.
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