SingTel Brings hope for RiseUp Stock : SGX News

SGX shares gained up after 3 continues losses, that are boost with US earnings season.

Straits Times Index was on 0.6 % high at 3304.84 points, but MSCI just rose 0.8 %.

Alcoa Inc from US, aluminium producer get up increase in profit on 08 April, its due to last 3 month results of the company in 2013.

The Good news is that SingTel get leads of gainers, with 1.9% to S$3.68. Its highest since June 2008. Today it actively traded stock.

A trader adds “The rise in share prices may be due to SingTel's participation in the bidding of mobile phone license in Myanmar,” with lot of interests.

Singapore-listed Yoma Strategic Holdings Ltd also said on Thursday it has joined a consortium led by the Digicel Group to bid for one of two mobile phone licenses that Myanmar is expected to award later this year.

Yoma shares added as much as 1.9 percent to S$0.785, gaining 5.4 percent after the bid announcement.