date:Aug 27, 2013
Singapore shares rose on Monday, led by palm oil stocks Golden Agri-Resources Ltd and Wilmar International Ltd after Indonesia cut export tax on crude palm oil and raised the proportion of biodiesel in fuel.
The Straits Times Index was up 0.3 percent, while MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.6 percent.
Golden Agri shares surged as much as 8.6 percent with more than 191 million shares traded, 3.4 times the average full-day volume over the past 30 days. Wilmar s