Singapore: Index rises to 3,286.05

SINGAPORE: Shares rose 0.20 per cent, or 6.55 points, to 3,286.05.

Property stocks tumbled after official data showed that private home sales plunged 65 per cent last month, with Capitaland plunging 4.23 per cent to S$3.40 and City Developments falling 3.67 per cent to S$10.76. Elsewhere, DBS Bank gained 1.09 per cent to S$15.75 and Singapore Airlines dropped 2.02 per cent to S$10.65.

"Lower-than-expected weekly initial jobless claims lifted US equities. This, coupled with an anticipated tame February CPI should underpin equities heading into the weekend," DBS Vickers said. Agencies