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Singapore shares flatlined, buoyed slightly by China's PMI
by Cals Thu 03 Oct 2013, 14:28
| Singapore shares flatlined, buoyed slightly by China's PMI |
| Business & Markets 2013 |
| Written by Reuters |
| Thursday, 03 October 2013 12:45 |
Activity in China's services sector expanded at the fastest pace in six months in September as demand grew, with China's official purchasing managers' index (PMI) for the non-manufacturing sector clocking its highest reading since March.
The benchmark Straits Times Index was almost unchanged, edging lower by 0.05 percent to 3,150.8, while MSCI's broadest index of Asia-Pacific shares outside Japan was 0.9 percent higher.
Some of the biggest gainers on the index include DBS Group Holdings, which rose 1.1 percent to $16.31, rebounding after a 1.8 percent drop the previous day. Singapore Airlines Ltd shares also rose 1.1 percent to $10.30, up for a second day in the row.
In other stocks, Blumont Group fell for a third day, easing 0.8 percent to $2.37 per share. The company's stock, which provides business services support, was among the top-traded by value with 10.8 million shares changing hands, about 77 percent of its 30-day average full-day volume.
Investment company Asiasons Capital dropped 1.8 percent to $2.73. About 8 million shares were traded, almost 1.1 times the average full-day volume over the past 30 days. - Reuters
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