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Singapore stocks end up 0.98 pct

Xinhua, June 28, 2016 Adjust font size:

Singapore shares closed 0.98 percent higher on Tuesday, as investors' concerns over Britain's decision to leave the European Union eased.

Policymakers of the major economies vowed to protect their economies and markets from the impact of Brexit.

Singapore's benchmark Straits Times Index rose 26.68 points to 2,756.53 points. Trading volume was 1.13 billion shares worth 1.14 billion Singapore dollars. Advancers outnumbered decliners 232 to 139, while 536 stocks did not move.

Top Glove closed at 1.635 Singapore dollars. The Malaysian rubber glove company began trading in Singapore on Tuesday, as its secondary listing shares. The firm, which is the world's largest maker of rubber gloves with a 25 percent global market share, has been listed in Malaysia since 2001.

QT Vascular jumped 7.1 percent to 9 Singapore cents. The vascular disease therapy specialist received clearance from the U.S. Food and Drug Administration to sell a medical technology it has developed. The approval is a win for the company as a lot of its business is in the United States.

Among the top gainers, Jardine Matheson rose 3.8 percent to 56.65 U.S. dollars, whereas Venture Corporation became one of the top losers by falling 0.6 percent to 8.33 Singapore dollars. (1 U.S. dollar equals 1.36 Singapore dollars) Endit