SINGAPORE Jan 8 Singapore shares snapped a
three-day losing streak on Wednesday, on course for their
biggest daily gain in nearly three weeks after robust trade data
raised expectations for U.S. growth.
The benchmark Straits Times Index was up 0.5
percent at 3,141.22 by 0420 GMT, in line with a 0.4 percent gain
in the MSCI's broadest index of Asia-Pacific shares outside
Food and beverage company Thai Beverage Pcl
advanced as much as 1.9 percent to S$0.55, while DBS Group
Holdings Ltd climbed as much as 1.5 percent to a more
than four-month high at S$17.30.
Singapore's biggest bank, DBS, also topped the list of most
traded stocks by value on Wednesday with more than 1.9 million
shares traded. Brokerage CIMB's recommended it as its top sector
pick in a research note on Tuesday.
Among other stocks, shares of Tiger Airways fell 1
percent to S$0.51. The budget airline confirmed a strategic
alliance with Cebu Air and said it would sell its entire 40
percent stake in Tigerair Philippines to the country's largest
budget carrier Cebu Air for $6 million.