Singapore shares take off on Wednesday; STI crosses 3,000 check

Singapore Stocks Watch : Singapore shares shut higher on Wednesday, with the Straits Times Index up 52.35 or 1.8 percent to close at 3,018.80. The STI had shut beneath its key help level of 3,000 for sequential sessions since exchanging finished on Oct 26 at 2,972.02.About 2.27 billion offers worth S$1.48 billion altogether changed hands, which worked out to a normal unit cost of S$0.65 per share.

Gainers dwarfed failures 259 to 151.

The most effectively exchanged stock was Genting Singapore, which rose S$0.02 to S$0.88 with 52.9 million offers evolving hands.

Different actives included ThaiBev and Rex International.

Among financials, DBS shut S$0.66 or 2.9 percent higher at S$23.46, UOB finished S$0.38 or 1.6 percent up at S$24.38, while OCBC picked up S$0.24 or 2.3 percent to end at S$10.74.

Among telcos, Singtel shut S$0.04 or 1.3 percent higher at S$3.16.

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City Gas levy to increment by 2.29% from Nov 1 to Dec 31

SINGAPORE: Gas levies for family units will increment by 2.29 percent or 0.44 penny for every kilowatt hour (kWh) from Nov 1 to Dec 31, City Gas declared on Wednesday (Oct 31).

This implies families should pay 19.67 pennies for every kWh, barring Goods and Services Tax, when contrasted with 19.23 pennies already.

The expansion is because of higher fuel costs contrasted and the past quarter, City Gas said in a media discharge.

City Gas audits the gas duties dependent on rules set by the Energy Market Authority, which has endorsed the gas levies for the two-month time frame.

gas tariffs table

Source: CNA

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