Singapore index hits near 11-month high; Singtel shines
SINGAPORE, April 24
SINGAPORE, April 24 (Reuters) - Singtel shares rose to their highest in more than four months on Thursday, while the Singapore index reversed losses from the previous session to rise to a near 11-month high, boosted by better-than-expected tech earnings on Wall Street.
The benchmark Straits Times index rose 0.6 percent to 3,277.1, after touching a high of 3,278.14, a level unseen since last June. MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.16 percent.
Shares of Singtel advanced as much as 1.6 percent to S$3.76, its highest since Dec. 2, after the company entered into an agreement to purchase shares in video analytics company Kai Square.
The index was also lifted by better-than-expected earnings on Wall Street, as tech giants Apple and Facebook reported first-quarter earnings that far outstripped forecasts.
Other gainers on the index include SembCorp Industries Ltd and ComfortDelgro Ltd, which both rose 1.5 percent. (Reporting by Andrew Toh; Editing by Gopakumar Warrier)
- Islamic State video purports to show beheading of U.S. journalist |
- Police move against protesters as calm dissolves in Ferguson, Missouri
- 'No' from one Iraq villager triggered Islamic State mass killings |
- Islamic State says beheads U.S. journalist, holds another
- Gaza war rages on, Hamas says Israel tried to kill its military chief |