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SOUTHEAST Asian markets closed higher yesterday as investors hunted for bargains in large caps and financial shares in a reporting season.

In Singapore, the benchmark Straits Times Index rose 1.14 per cent, or 34.31 points, to 3,032.80, its highest close for a week. The index’s rally was led by casino operator Genting Singapore, which surged 7.4 per cent, rebounding after a combined loss of 13.8 per cent so far in the month to Friday.

Among the actives, DBS Bank was up 0.61 per cent to S$ 14.74 and Singapore Telecom was 2.01 per cent higher at S$ 3.55. Agencies

Business Times : marketwatch

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