| 3,235.77 | +45.73 | +1.43% |
SINGAPORE : Share prices in Singapore rose from the start of dealings on Monday, helped by strong economic data.
The Singapore economy grew at a record 14.7 percent in 2010 as the export-dependent country bounced back from the global downturn.
The performance beat its previous best of 13.8 percent in 1970 and made Singapore Asia's best performing economy of the year.
The ST index jumped 45.73 points to 3,235.77 on a volume of 2,168 million shares.
There were 443 advances against 116 losers by the end of the session.
Traders said the advance was led by palm oil plantation stocks and oil rig builders as investors turned bullish on resources stocks.
Among active counters, Golden Agri-Resources rose 2 cents to 82 cents while Genting Singapore gained 3 cents to $2.22,
Shares of oil rig builder Keppel Corp rose 18 cents to $11.50 while Sembcorp Marine closed unchanged at $5.37 after hitting a high of $5.47 during the session.
Analysts said sentiment for the counter was bullish because investors expect the firm to continue winning orders, especially for more technologically advanced rigs. - CNA/ch
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