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Roundup: Singapore stocks end up 0.19 pct

Xinhua, April 23, 2015 Adjust font size:

Singapore shares closed 0.19 percent higher on Thursday, as investors shrugged off soft reading on Chinese manufacturing for April and instead hoped for more policy stimulus there.

The preliminary HSBC China manufacturing Purchasing Managers' Index (PMI) for April dipped to a one-year trough of 49.2 in April, when the market in average had forecast the data to hold steady at 49.6.

Meanwhile, U.S. stocks had ended firmer on Wednesday as Visa's potential expansion into China and upbeat U.S. housing data lifted investors' sentiment.

Singapore's benchmark Straits Times Index rose 6.51 points to 3, 502.75 points. Trading volume was 1.58 billion shares worth 1.23 billion Singapore dollars. Decliners outnumbered advancers 277 to 195, while 457 stocks did not move.

Singapore Exchange Limited fell 0.1 percent to 8.51 Singapore dollars. The bourse operator reported net profit of 88.2 million Singapore dollars in the third quarter of financial year 2015, up 16 percent year on year and 2 percent quarter on quarter. Its revenues also grew 20 percent year on year to 199.3 million Singapore dollars, and earnings per share were 8.2 Singapore cents. It declared interim dividend of 4 Singapore cents, unchanged from the last quarter.

United Envirotech Limited rose 1.1 percent to 1.80 Singapore dollars. It has signed an agreement with the Haimen City Linjiang New District Management Committee to invest 30 million U.S. dollars for a build-operate-own (BOO) project of an industrial wastewater treatment plant in Haimen City, Jiangsu Province, China. The BOO project will commence immediately and is expected to be completed by the June 2016.

Among top gainers, Jardine Cycle and Carriage rose 0.4 percent to 42.36 Singapore dollars, while Jardine Matheson became one of the top losers by falling 0.9 percent to 61.60 U.S. dollars. (1 U. S. dollar equals to 1.35 Singapore dollars) Endi