Singapore market rebounds as investors snatch up bargains
Submitted by Marina Dimova on Mon, 11/03/2008 - 13:03.
Singapore stocks rose 4.99 per cent Monday as investors went bargain hunting, but analysts warned of continuing volatility ahead.
The Straits Times Index rose 89.55 points to 1,883.75.
Gainers outnumbered losers by 422 to 125, and volume was high with 1.64 billion shares traded.
The market is recovering from oversold positions, said Stephanie Wong, head of research at Kim Eng Securities Pte Ltd in Singapore.
"The shares were sold to a level of deep recession, and this has made a lot of undervalued companies attractive to investors," she said.
But volatility was expected to continue, Wong warned.
The Singapore Exchange Limited (SGX) Tuesday said its derivatives and Exchange Traded Funds (ETF) markets set new trading records last year with volume surging to 
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