Roundup: Singaporean stocks end up 0.27 pct

Singaporean shares closed 0.27 percent higher on Monday, as investors shrugged off threats from a ransomware attack that locked up more than 200,000 computers in more than 150 countries.

With little evidence of widespread disruption in the region on Monday, investors appeared unalarmed by the weekend cyber attack, at least for now.

Maybank Kim Eng Research said "the Straits Times Index appears overextended, with immediate resistance at 3,290 points, with underlying support at 3,212 points."

Singapore's benchmark Straits Times Index rose 8.92 points to 3,264.21 points. Trading volume was 2.78 billion shares worth 1.4 billion Singapore dollars. Decliners outnumbered advancers 271 to 202.

Among top actives, Genting Singapore jumped 6.5 percent to 1.15 Singaporean dollars. It reported first-quarter net profit soared to 181.1 million Singapore dollars from 10.8 million Singapore dollars a year ago, bolstered by 96.3 million Singapore dollar gain on sale of 50 percent stake in Jeju resort.

Although its quarterly revenue slipped 4 percent to 586.6 million Singapore dollars on lower gaming and non-gaming takings, its gaming turnover grew 8 percent quarter-to-quarter on strong VIP and premium mass business.

ComfortDelGro fell 5.2 percent to 2.55 Singaporean dollars. It recorded first-quarter net profit of 82.5 million Singapore dollars, buttressed by special dividend from Cabcharge Australia. However, its quarterly revenue dipped 2.4 percent to 972 million Singapore dollars, dragged mainly by foreign-exchange translation losses and weak taxi business.

Among top gainers, DBS Group Holdings rose 0.4 percent to 20.77 Singaporean dollars, while Jardine Cycle and Carriage became one of the top losers by falling 3.1 percent to 45.04 Singapore dollars. (1 U.S. dollar equals to 1.40 Singapore dollars) Enditem