February 04, 2012 -- Updated August 13, 2010 15:02 HKT
Singapore Stock Exchange, UOB Rebounds
The Straits Times Index added 6.36 points or 0.22 per cent to 2,933.40. In the broader market, gainers beat losers 2 to 1 in a volume of 250 million shares valued at $233.6 million.
Top advancers included Genting S’pore, City Development, MCL Land, UOB, DBS and Boustead S’pore.
United Overseas Bank (UOB), the last of the three listed local banks to announce earnings, reported a 28 per cent increase in its second quarter profit as declining bad loan charges offset a slump in client trading and share sales.
Net income jumped to $602 million in the three months ended June 30 from $470 million in the corresponding period a year earlier even as non-interest income plunged 31 per cent, the bank said yesterday.
Shayne Heffernan www.livetadingnews.com
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