Singapore's key index scaled a more than 7-week closing high on Monday as quarterly results and special dividends boosted Noble Group shares, while the Malaysian benchmark snapped five sessions of losses with large caps leading the rebound. Singapore's Straits Times Index closed up 0.44 percent at 3,301.00, the highest close since September 19. Noble shares jumped 4.2 percent, their biggest one-day gain since April, and were the top percentage gainers on the index.
The rally in Noble Group shares came after the company's third-quarter net profit hit a 2-year high and it announced a special dividend payout. Malaysia's main index edged up 0.2 percent, slightly recovering from its fall over the last five sessions. Shares of Tenaga Nasional, Public Bank and Maybank gained in strong volumes. Stocks in Thailand, Indonesia, the Philippines and Vietnam retreated after rising earlier on positive sentiment in Asia. In Bangkok, late selling in shares of top energy firm PTT sent the main SET index to 1,567.34, its lowest close since October 30. Brokers said declining oil prices dented sentiment in energy shares.
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