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Singapore Stock Market Expected To Bounce Higher Again

(RTTNews) - The Singapore stock market gave up less than a single point on Friday, but that was enough to end the five-day winning streak in which it had advanced more than 80 points or 2.7 percent. The Straits Times Index remains just beneath the 3,230-point plateau although it's predicted to rebound on Monday.

The global forecast for the Asian markets is positive on better than expected employment data from the United States. The European and U.S. bourses were firmly higher Friday and the Asian markets are tipped to open in similar fashion.

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 0.45 points or 0.01 percent to finish at 3,229.43 after trading between 3,208.63 and 3,237.12. Volume was 1.11 billion shares worth 1.03 billion Singapore dollars. There were 190 gainers and 175 decliners.

Among the actives, Golden Agri-Resources surged 2.44 percent, while Singapore Exchange soared 1.52 percent, CapitaLand Limited spiked 1.39 percent, Mapletree Commercial Trust jumped 1.29 percent, United Overseas Bank tumbled 0.97 percent, Singapore Press Holdings climbed 0.90 percent, Oversea-Chinese Banking Corporation collected 0.55 percent, Yangzijiang Shipbuilding skidded 0.52 percent, Singapore Technologies Engineering advanced 0.50 percent, DBS Group and Dairy Farm International Holdings both dropped 0.50 percent, Comfort DelGro added 0.43 percent, CapitaLand Mall Trust gained 0.39 percent, SingTel rose 0.30 percent, Wilmar International was up 0.27 percent and Keppel Corp, Genting Singapore, Ascendas REIT, SembCorp Industries, Thai Beverage, CapitaLand Commercial Trust and Singapore Airlines all were unchanged.
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