Roundup: Singapore stocks end up 0.33 pct on Monday

2017-07-17 10:01:25 GMT2017-07-17 18:01:25(Beijing Time) Xinhua English

SINGAPORE, July 17 (Xinhua) -- Singapore shares closed 0.33percent higher on Monday, after China released a strong grossdomestic product (GDP) figure.

China's second-quarter GDP increased 6.9 percent, slightly abovemarket consensus of 6.8 percent. China's economy maintained itsmomentum in second quarter as global trade and domestic demandspurred a pickup at the factories.

Meanwhile, U.S. stock prices rose last Friday after data showedconsumer prices were unchanged in June and retail sales fell for asecond straight month, pointing to tame inflation and lowerexpectations of interest rate hike later in the year.

Singapore benchmark Straits Times Index rose 10.81 points to3,298.24 points. Trading volume was 2.28 billion shares worth 1.32billion Singapore dollars. Advancers outnumbered decliners 261 to181.

Singapore Press Holdings fell 2.6 percent to 3.03 Singaporedollars. It reported third-quarter net profit plunged 45.2 percentto 28.9 million Singapore dollars on-year, due to a 37.8 millionSingapore dollar impairment charge primarily arising from themagazine business.

Keppel Corporation rose 0.5 percent to 6.41 Singapore dollars.It secured two contracts worth over 20 million Singapore dollars inChina.

Among top gainers, DBS Group Holdings rose 1.6 percent to 21.44Singapore dollars, while Jardine Strategic became one of the toplosers by falling 0.7 percent to 41.42 U.S. dollars. (1 U.S. dollar= 1.38 Singapore dollars) Enditem

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