Singapore Stock Market May Claim 3,200-Point Plateau

(RTTNews) - The Singapore stock market has climbed higher in two straight sessions, nearly 35 points or 1.1 percent along the way. The Straits Times Index now rests just shy of the 3,195-point plateau and it's tipped to open in the green again on Monday.

The global forecast for the Asian markets is broadly positive on solid economic data and a spike in crude oil prices. The European and U.S. markets were firmly higher on Friday and the Asian bourses are tipped to follow that lead.

The STI finished solidly higher on Friday following gains from the financial shares, property stocks and industrials.

For the day, the index advanced 20.52 points or 0.65 percent to finish at 3,194.71 after trading between 3,171.51 and 3,194.71. Volume was 1 billion shares worth 1.19 billion Singapore dollars. There were 183 gainers and 171 decliners.

Among the actives, Golden Agri-Resources plummeted 4.35 percent, while Mapletree Commercial Trust surged 2.60 percent, SembCorp Industries soared 2.33 percent, CapitaLand spiked 1.65 percent, CapitaLand Commercial Trust accelerated 1.51 percent, Keppel Corp jumped 1.04 percent, Yangzijiang Shipbuilding climbed 0.91 percent, Singapore Exchange advanced 0.90 percent, Comfort DelGro gathered 0.83 percent, Singapore Press Holdings perked 0.71 percent, SingTel added 0.59 percent, Oversea-Chinese Banking Corporation collected 0.56 percent, Thai Beverage gained 0.56 percent, Genting Singapore rose 0.55 percent, Wilmar International increased 0.49 percent, DBS Group was up 0.44 percent, United Overseas Bank gained 0.43 percent and Ascendas REIT perked 0.33 percent.
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