Singapore: Up slightly, led by SPH

SHARES closed higher in Singapore yesterday amid mixed performance in Southeast Asian stock markets.

The benchmark Straits Times Index (STI) edged up 0.1 per cent, led by a 3.4 per cent gain in Singapore Press Holdings Ltd (SPH) after its plan to list a real estate investment trust.

Losers in the city-state included Wilmar International Ltd, which fell almost 4.0 per cent.

A report that Norway's US$710 billion sovereign wealth fund has pulled out of 23 Asian palm oil companies weighed on the stock. Agencies