Singapore stocks: STI resumes Thursday afternoon at 3,376.77, up 0.3% on day

SINGAPORE shares resumed trading in positive territory on Thursday afternoon, with the Straits Times Index gaining 8.97 points, or 0.3 per cent higher to 3,376.77 as at 1.01pm.

Among the most heavily traded by volume, Addvalue Tech gained 17.4 per cent, or 0.4 Singapore cent to 2.7 Singapore cents, with 45.2 million shares traded, while Spackman was up 11.1 per cent, or 0.2 cent to two cents, with 29.8 million shares traded. Said OCBC analyst Deborah Ong:"We deem the terms of the merger positive for ART unitholders. We estimate that the post-transaction fair value of the merged entity should lie at about S$1.31 per unit. This assumes a 7.5 per cent valuation premium for the merged entity…

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