Computer data network builder Datacraft Asia soared 9.5 percent to US $1.50 in heavy volume of 69 million shares. "The sector itself is in favour now. People are talking about the tech sector outperforming the market on the back of favourable US economic data," said Yap of UOB. Contract electronics maker Venture Corp moved up 1.4 percent to S$21.80, after its nearly four percent rise the previous day. Singapore Telecommunications rose 1.0 percent to S$1.97 after slumping 4.9 percent on Wednesday following the government's move to cut its stake in the firm through a share placement at a discount to the market price. Some investors said the move will help boost SingTel's public float and to raise its weighting on Morgan Stanley Capital International's (MSCI) indices. Copyright Reuters, 2004