The Singapore stock market has tracked higher in four straight sessions, collecting more than 45 points or 1.5 percent along the way. The Straits Times Index now sits just beneath the 3,220-point plateau although it may spin its wheels on Wednesday.
The global forecast for the Asian markets remains soft on increasing concerns over the Republican-manufactured U.S. debt ceiling confrontation. The European and U.S. markets were down and the Asian bourses figure to follow that lead.
The STI finished slightly higher on Tuesday following mixed performances from the financial shares, property stocks and industrial issues, RTTNews cited.
For the day, the index rose 6.99 points or 0.22 percent to finish at 3,218.08 after trading between 3,200.73 and 3,232.29.
Among the actives, Ascendas REIT gained 0.42 percent, while CapitaLand Integrated Commercial Trust added 0.50 percent, CapitaLand Investment rose 0.29 percent, Comfort DelGro climbed 0.90 percent, DBS Group jumped 1.88 percent, Emperador tumbled 0.97 percent, Hongkong Land retreated 0.90 percent, Keppel Corp eased 0.15 percent, Mapletree Pan Asia Commercial Trust and UOL Group both improved 0.60 percent, Mapletree Industrial Trust declined 0.87 percent, Oversea-Chinese Banking Corporation dipped 0.33 percent, SATS lost 0.35 percent, SembCorp Industries shed 0.41 percent, Singapore Technologies Engineering was down 0.27 percent, SingTel fell 0.39 percent, United Overseas Bank collected 0.54 percent, Wilmar International slumped 0.50 percent, Yangzijiang Shipbuilding advanced 0.80 percent and Mapletree Logistics Trust, Genting Singapore, Yangzijiang Financial, City Developments, Thai Beverage and Frasers Logistics were unchanged.
The lead from Wall Street suggests consolidation as the major averages opened lower on Tuesday and spent much of the day hugging the line before slumping in the afternoon.
