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SINGAPORE - Singapore share prices closed up 0.39 per cent on Wednesday in cautious trade as investors stayed on the sidelines, dealers said.
The blue chip Straits Times Index rose 11.85 points to 3,040.09 on volume of 1.63 billion shares worth $1.63 billion (US$1.20 billion).
Rising issues led decliners 267 to 228, with 986 stocks unchanged.
'Our short-term view is still that the market is rangebound between 2800 to 3200 (points),' said UOB-KayHian research head Nancy Wei.
Major banks ended mixed, with DBS Group rising 12 cents to $19.54, United Overseas Bank up 14 cents at $19.38 and Oversea-Chinese Banking Corp was steady at $8.35.
Property heavyweights rallied, with CapitaLand gaining 12 cents to $5.84, City Developments up 36 cents at $10.66 and Keppel Land one cent higher at $5.15.
Singapore Airlines advanced four cents to $15.10 and Singapore Telecommunications finished one cent higher at $3.74. -- AFP
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