The positive start to the second quarter in equity markets continued to gain steam for investors in Asia. IG market strategist Pan Jingyi acknowledged that the synchronised manufacturing surprises out of China and the US on Monday drove risk-on sentiment...
The positive start to the second quarter in equity markets continued to gain steam for investors in Asia.
On the buoyant mood that has greeted the start of the second quarter, FXTM chief market strategist Hussein Sayed noted that investors have"found fresh reasons to continue buying risk assets after a robust first quarter performance". Australia, South Korea, China, Hong Kong and Malaysia closed higher. Japan crept lower on profit taking by investors.
Tritech Group was the bourse's most active with 43.6 million shares traded. Shares in the usually thinly-traded counter ended the session 1.1 cents or 26.2 per cent higher at 5.3 cents with the total value of the trades on the day at $2.2 million. Going by value of trades done, DBS Group Holdings saw $150.84 million traded - 13 per cent of the bourse's value of securities traded - across 5.82 million shares. The bank's shares added 48 cents or 1.9 per cent to end at $26.07.
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