The shares prices in Singapore rose 95.16 points or 5.2 percent on Monday with the benchmark Straits Times Index (STI) closed at 1,924.87 points.
Trade volumes and market value both increased dramatically on Monday. The overall volume stood at 1848.4 million shares, almost double the volumes of 955.5 million shares on Friday. Total market value is worth 1570.6 million Singapore dollars (about 1069 million U.S. dollars), a hike from Friday's 686.1 million Singapore dollars (about 473 million U.S. dollars).
Gainers led losers by 385 to 130 with another 745 unchanged.
Analysts said the rise was due to big gains in regional markets on hopes that U.S. economy will stage a rebound after a dire 2008.
On Friday, the first trading day of 2009, the STI rose 68.15 points or 3.9 percent to end at 1829.71 points.
Source: Xinhua
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