Singapore shares soar 1.5% on Monday on strong macroeconomic data

THE Singapore market, like many others in the region, got a boost to start the week, thanks to positive sentiment on the global economy following strong US first-quarter economic growth, and data on Saturday showing profits at Chinese industrial firms grew for the first time in four months.

Trading clocked in at 1.05 billion securities, 83 per cent of the daily average over the first three months of 2019. Total turnover came to S$1.23 billion, 20 per cent higher than the January-to-March daily average. Across the market, advancers outpaced decliners 218 to 171. Meanwhile, OCBC Bank finished S$0.31 or 2.6 per cent higher at S$12.12 and United Overseas Bank added S$0.69 or 2.5 per cent at S$27.97.

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