Singapore shares were slightly higher on Wednesday, with
trading volume dominated by small and mid-cap stocks such as
Rowsley Ltd and Etika International Holdings Ltd
The Straits Times Index was up 0.35 percent at
3,179.79, while MSCI's broadest index of Asia-Pacific shares
outside Japan was 0.1 percent higher.
Rowsley, an investment holding company controlled by
Singapore billionaire Peter Lim, was the top traded stock by
both value and volume in the Singapore market, surging as much
as 27 percent with more than 193 million shares changing hands.
Rowsley shares had more than doubled over the last two
trading sessions since the company announced a S$581 million
($475.9 million) deal to become a property player in Malaysia's
Etika shares jumped as much as 13.6 percent to the highest
since September last year after the food and beverage company
said Tee Yih Jia Food Manufacturing Pte Ltd agreed to pay a
higher subscription price for its shares.
Tee Yih Jia will pay S$0.2132 each, up from S$0.1998
previously, for 75 million Etika shares.
1215 (0415 GMT)