Singapore shares end higher as DBS rally continues

Singapore shares closed higher on Oct 7, buoyed by local bank DBS' continued rally.

- Navene Elangovan

The benchmark Straits Times Index (STI) rose 1.1 per cent, or 50.55 points, to end at 4,472.26.

The STI's top gainer was Yangzijiang Shipbuilding, which rose 4.1 per cent, or 14 cents, to $3.52. It was also the most actively traded counter on the blue-chip index by volume, with 33.2 million units worth $115.1 million transacted.

DBS was the second-highest advancer on the STI, adding 3 per cent, or $1.60, to close at a new high of $54.80.