sgx
SGX Logo Reuters

Singapore shares advanced on Monday, on course to extend previous sessions' 1.1 percent gain amid optimism about global growth.

Asian shares were buoyant following strong U.S payrolls data and better-than-expected Chinese trade data on Friday.

The MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.4 percent, staying well above a recent two-month trough of 542.27 points.

At 0510 GMT, the Straits Times Index climbed 0.62 percent or 21 points to 3,445. It ended 1.1 percent higher on Friday, taking the year-to-date performance to about 19 percent.

Shares of United Overseas Bank Ltd rose as much as 2.6 percent, their biggest intraday spike in over seven months. Oversea-Chinese Banking added 0.7 percent while DBS Group Holdings advanced 0.5 percent.

The city-state's top taxi operator ComfortDelGro Corp was the best performer on the index, climbing as much as 4.7 percent after it said on Friday it would buy a 51 percent stake in a unit of Uber .

London-listed hotel arm Millennium & Copthorne Hotels agreed accepted about 2 billion pounds (S$3.63 billion) offer from its majority shareholder City Developments after an earlier bid was rebuffed by minority investors. Shares in City Developments rose 1 percent.

About 679 million shares worth S$425 million changed hands, with gainers outnumbering losers 180 to 163.