Singapore's shares rallied on Tuesday tracking gain across regional markets as investors assessed the latest US economic data, with US retail sales rebounding marginally in February.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,876.19 and 3,908.02 throughout the day. It ended the session at 3,894.97, up 35.61 points or 0.92% compared to Monday's close.
In company news, Sembcorp Industries (SGX:U96) was up nearly 2% after it responded to a Bloomberg article stating that the company is conducting a strategic review of its business.
Shares of Oceanus Group (SGX:579) were up 20% as it awarded 97,727,668 shares under the vesting of share awards granted under its restricted share plan.
Meanwhile, shares of First Resources (SGX:EB5) were down over 1% after the company agreed to acquire a 91.17% stake in Indonesia-listed oil palm plantation company Austindo Nusantara Jaya (IDX:ANJT).
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