Singapore share prices closed 0.78 percent higher on Monday driven by gains in blue chips with a broader based interest focussed on China-linked stocks, dealers said.
They said gains were in line with most regional markets which ignored a poor performance by Wall Street to close higher, led by strength in Tokyo.
The Straits Times Index was up 19.45 points at 2,512.88 on volume of 1.32 billion shares worth 1.15 billion Singapore dollars (710 million US).
Gainers beat losers 296 to 243 with 644 shares unchanged.
"Although the index is held up by some of the blue chips, broader market interest is still in the China-based stocks," said Chan Tuck Sing, dealing director at UOB Kay Hian. UOB bank rose 0.40 to 15.40, while property developer City Developments added 0.15 to 10.10.
Other winners included DBS which was up 0.10 to 16.30, Venture which jumped 0.10 to 13.30, and Keppel Land which edged up 0.06 to 4.42.
SembCorp Industries Ltd and unit SembCorp Logistics Ltd were higher after a resumption of trading when SembCorp Industries announced that part of the proceeds from divestment of SembLog may be distributed to shareholders.
SembCorp Industries was up 0.06 at 3.38, while SembCorp Logistics added 0.01 to 1.77.
The other blue chips closed mainly up with Singapore Telecommunications up 0.03 at 2.68, Singapore Press Holdings gaining 0.02 to 4.50, while ST Engineering and Singapore Airlines remained flat at 3.04 and 14.10 respectively.
Technology shares were also higher. Chartered Semiconductor added 0.01 at 1.42, STATS ChipPac was up 0.04 at 13.30, while Creative Technology slipped 0.10 to 12.40.
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