The Singapore stock market has moved higher in four straight sessions, advancing more than 120 points or 3.5 percent along the way. The Straits Times Index now rests just beneath the 3,400-point plateau and it may add to its winnings again on Monday.
The global forecast for the Asian markets is flat to higher ahead of this week’s FOMC meeting. The European and U.S. markets saw mild upside and the Asian bourses are expected to open in similar fashion.
The STI finished modestly higher on Friday following gains from the financials, properties and trusts.
For the day, the index gained 17.02 points or 0.50 percent to finish at 3,394.21 after trading between 3,379.15 and 3,395.79.
Among the actives, Ascendas REIT rose 0.69 percent, while CapitaLand Integrated Commercial Trust gathered 0.47 percent, CapitaLand Investment and DBS Group both gained 0.76 percent, City Developments advanced 0.86 percent, Emperador dropped 0.99 percent, Genting Singapore skidded 1.00 percent, Hongkong Land jumped 1.23 percent, Keppel Corp perked 0.40 percent, Keppel DC REIT surged 2.96 percent, Mapletree Pan Asia Commercial Trust soared 2.22 percent, Mapletree Industrial Trust spiked 1.67 percent, Mapletree Logistics Trust climbed 1.16 percent, Oversea-Chinese Banking Corporation collected 0.46 percent, SATS slumped 1.30 percent, SembCorp Industries rallied 1.43 percent, Singapore Technologies Engineering improved 0.81 percent, SingTel added 0.79 percent, Thai Beverage retreated 1.39 percent, United Overseas Bank was up 0.20 percent, Wilmar International sank 0.73 percent, Yangzijiang Financial declined 1.28 percent, Yangzijiang Shipbuilding tumbled 1.57 percent and Comfort DelGro, UOL Group and DFI Retail were unchanged.
The lead from Wall Street continues to be positive as the major averages shook off early listlessness to move into the green in afternoon trade.
