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Politics : Formerly About Applied Materials

AMAT 261.90

+0.4%

Dec 26 9:30 AM EST

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To: StanX Long who wrote (61864)	3/11/2002 12:24:52 AM
From: StanX Long	Read Replies (1) of 70976

Singapore shares open up, with blue chips leading gains Monday March 11, 10:08 AM sg.news.yahoo.com SINGAPORE (Reuters) - Singapore shares started the week on a strong note on Monday, with blue chips and technology stocks taking the lead after gains on Wall Street. At 0135 GMT, the key Straits Times Index was up 0.71 percent or 12.81 points at 1,811.80, off a high of 1,821.83. In the broader market, gainers beat losers 129 to 30 in brisk volume of 135 million shares. U.S. markets rose on Friday after unemployment numbers for February came in lower than expectations. The data showed the jobless rate fell for the second month in a row, dipping to 5.5 percent in February from 5.6 percent in January. Leading the gainers in Singapore was United Overseas Bank , which added 2.82 percent to S$14.60 after a surprise rise in 2001 net profit, boosted by its takeover of fourth-ranked Overseas Union Bank. The largest of Singapore's three local banks on Friday posted a 1.3 percent rise in net profit to S$924.6 million ($508.02 million) for the year ended December 31.

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