Singapore’s benchmark Straits Times Index (.FTSTI) rose 0.7% to close at 2,753.63 points yesterday. US stocks rose last night after a pledge by European leaders to support debt-laden Greece eased fears of a broader euro zone crisis, and upbeat data from China spurred mining and material stocks.
Here are some stocks to watch:
Olam International, the producer and trader of agricultural commodities, reported a 54% increase in second-quarter profit as a global economic rebound helped fuel an increase in demand for food. Net income climbed to $158.9 million in the three months ended Dec 31 from $103.4 million a year earlier. Revenue increased 28% to $2.84 billion.
