Singapore share prices closed 0.49 percent higher on Wednesday led by gains in blue chips including banking giant DBS Group, dealers said. The Straits Times Index rose 12.3 points to 2,544.89, off a high of 2,550.58 on volume of 1.64 billion shares worth 1.33 billion dollars ((806 million US).
Gainers beat losers 366 to 205 with 1,351 stocks unchanged.
"Although the market is still trending up, from a technical perspective, it does seem a bit tired in terms of looking for ideas," said UOB Kay Hian director Chan Tuck Sing.
Blue chips closed flat to higher with Singapore Airlines up 10 cents to 14.00 dollars, Singapore Press Holdings flat at 4.44 and Singapore Telecommunications steady at 2.65. Banking stocks closed mostly flat with Oversea-Chinese Banking Corp even at 6.70, United Overseas Bank steady at 15.60 but DBS was up 20 cents at 16.50.
Property stock City Developments added 10 cents to 10.60 while Capitaland was flat at 4.90 and Keppel Land closed four cents higher at 4.94. Techology stocks closed mixed with Creative Technology 10 cents higher at 12.10, ST Engineering losing 11 cents to 2.97 and STATS ChipPAC slipping one cent to 1.30.
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