Singapore - Singapore shares rose by 3.5 per cent on Wednesday, maintaining its upward momentum despite gloomy corporate news.

The Straits Times Index was up by 3.5 per cent or 57.88 points at 1,711.13.

The Singapore Exchange closed with 228 gainers against 182 losers in thin trade.

Volume was 864.5 million shares.

Analysts and economists said the Singapore market had gained good ground in a challenging economic environment with corporations projecting uncertain outlooks for earnings in the coming months. (dpa)