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Singapore Bourse Likely Rangebound On Friday

(RTTNews) - The Singapore stock market on Thursday snapped the two-day slide in which it had fallen almost 10 points or 0.3 percent. The Straits Times Index now sits just above the 3,235-point plateau and it's expected to be stuck in neutral on Friday.

The global forecast for the Asian markets is mixed to higher, with support expected from oil and technology companies. The European markets were down and the U.S. bourses were mixed and the Asian markets are tipped to follow the latter lead.

The STI finished slightly higher on Thursday following gains from the financials and a mixed picture from the industrial issues.

For the day, the index rose 4.34 points or 0.13 percent to finish at 3,237.02 after trading between 3,219.90 and 3,239.43. Volume was 1.89 billion shares worth 960 million Singapore dollars. There were 233 decliners and 231 gainers.

Among the actives, Ascendas REIT sank 0.33 percent, while City Developments lost 0.14 percent, Dairy Farm International and Genting Singapore both gained 0.60 percent, DBS Group advanced 0.81 percent, Keppel Corp and Venture Corporation both spiked 0.94 percent, Mapletree Commercial Trust perked 0.47 percent, SATS rose 0.49 percent, Singapore Airlines was up 0.19 percent, Singapore Exchange tumbled 0.84 percent, Singapore Press Holdings improved 0.42 percent, Singapore Technologies Engineering added 0.76 percent, United Overseas Bank collected 0.22 percent, Wilmar International skidded 0.70 percent, Yangzijiang Shipbuilding retreated 0.78 percent and Mapletree Logistics Trust, CapitaLand Integrated Commercial Trust, SembCorp Industries, Thai Beverage, Oversea-Chinese Banking Corporation, SingTel and Comfort DelGro were unchanged.
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