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Singapore shares close sharply higher on bargain-hunting


Published :
Wed, 22 Aug 2007 10:28
By : Agencies
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SINGAPORE (Thomson Financial) - Singapore shares closed Wednesday sharply higher on bargain-hunting following Tuesday's steep falls, although caution is likely to prevail in the near term as fears of further fallout from the US subprime mortgage troubles have not completely abated.

The Straits Times Index closed up 92.84 points or 2.9 percent at 3,321.5.

Gainers led losers 614 to 232, with 191 stocks unchanged.

Volume traded was 1.86 billion shares valued at 2.19 billion Singapore dollars.

(1 US dollar = 1.53 Singapore dollars)

TFN.Singapore@thomson.com

jb/ms/jb/mb/jb/jm/jb/jg

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