SINGAPORE (Thomson Financial) Singapore shares ended the Monday morning session sharply higher on bargain hunting following Wall Street's rebound on Friday on hopes for strong US consumer spending during the holiday season. At the midday break, the benchmark Straits Times Index (STI) was up 73.44 points or 2.2 percent at 3,399.33, off a high of 3,412.41. Gainers outnumbered decliners 500 to 154 with 170 stocks unchanged. There were 906 million shares traded valued at 1.02 billion Singapore dollars. The market is ripe for bargain hunting after weeks of consolidation, said DBS Vickers retail strategist Yeo Kee Yan. But Yeo advised investors to remain cautious due to continued uncertainties. 'Continued concerns about the US economy and the spectre of higher oil prices should cap the STI's near term upside,' he said. Among the...
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