The Singapore stock market has moved lower in three straight sessions, sinking more than 10 points or 0.3 percent along the way. The Straits Times Index now sits just beneath the 3,210-point plateau although it’s looking at a strong lead for Monday’s trade.
The global forecast for the Asian markets is upbeat thanks to an apparent resolution to the U.S. debt ceiling crisis forged over the weekend. The European and U.S. markets were up and the Asian bourses are expected to follow suit, RTTNews cited.
The STI finished barely lower on Friday following mixed performances from the financial shares, property stocks and industrial issues.
For the day, the index eased 0.33 points or 0.01 percent to finish at 3,207.39 after trading between 3,201.00 and 3,213.86.
Among the actives, Ascendas REIT rose 0.37 percent, while CapitaLand Integrated Commercial Trust climbed 1.01 percent, CapitaLand Investment tumbled 1.15 percent, City Developments rallied 1.03 percent, DBS Group perked 0.06 percent, Genting Singapore advanced 0.99 percent, Hongkong Land gained 0.46 percent, Keppel Corp spiked 1.43 percent, Keppel DC REIT surged 2.45 percent, Mapletree Industrial Trust declined 0.88 percent, Mapletree Logistics Trust added 0.61 percent, SATS improved 0.35 percent, Singapore Technologies Engineering jumped 1.08 percent, SingTel plunged 2.37 percent, United Overseas Bank lost 0.11 percent and Wilmar International, Yangzijiang Financial, Yangzijiang Shipbuilding, Mapletree Pan Asia Commercial Trust, SembCorp Industries, Thai Beverage, Oversea-Chinese Banking Corporation, Comfort DelGro and Emperador were unchanged.
The lead from Wall Street is broadly positive as the major averages opened higher on Friday and remained solidly in the green throughout the session.
