Thursday, January 15, 2015

Singapore shares edge higher; oil and gas plays up

SINGAPORE (Jan 15): Singapore stocks traded higher despite Wall Street's pullback on weak US retail sales, as buyers took advantage of a rebound in oil prices overnight to nibble.
At 10:47am (0247 GMT), the Straits Times Index was 0.1% higher at 3,329.85. Market breadth was slightly positive.
"(The) best bet is to look to oil again - and to keep your common sense to try to make a few nickels and dimes," said Michael Every, head of Asia financial markets research at Rabobank.

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