Yahoo! Philippines News - Latest Philippines News & International News Headlines: STOCKS NEWS SINGAPORE-Shares at five-week high, Wilmar extends gains

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STOCKS NEWS SINGAPORE-Shares at five-week high, Wilmar extends gains Sep 17th 2012, 05:13 Singapore shares hit a five-week intraday high, led byproperty and commodities firms such as Wilmar International Ltd and CapitaLand Ltd as risk appetite returnedafter the U.S. Federal Reserve announced a new securities-buyingprogramme last week. At 0453 GMT, the Straits Times Index's was up 0.3percent at 3,078.53 points, and the MSCI Asia Pacific ex-Japan was up 0.2 percent. Palm oil firm Wilmar rose 2.2 percent to S$3.31, extendingits gains on Friday after its first share buyback, signallingthe management's confidence in its business. Developers City Developments Ltd gained 2. ...

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