(RTTNews) – The Singapore stock market has moved higher in three straight sessions, improving almost 80 points or 1.6 percent along the way. The Straits Times Index now sits just above the 5,015-point plateau and it’s poised to open in the green gain on Monday.
The global forecast for the Asian markets is positive after the U.S. Supreme Court struck down most of President Donald Trump’s global tariffs. The European and U.S. markets were up and the Asian bourses are also expected to open to the upside.
The STI finished modestly higher on Friday following mixed performances from the financial shares, property stocks and industrial issues.
For the day, the index gained 16.04 points or 0.32 percent to finish at 5,017.60 after trading between 4,993.43 and 5,024.57.
Among the actives, CapitaLand Ascendas REIT gained 0.37 percent, while CapitaLand Investment tumbled 1.27 percent, City Developments dropped 0.81 percent, DBS Group climbed 0.64 percent, Genting Singapore soared 1.25 percent, Hongkong Land shed 0.47 percent, Keppel DC REIT added 0.44 percent, Keppel Ltd advanced 0.54 percent, Mapletree Pan Asia Commercial Trust sank 0.69 percent, Mapletree Logistics Trust rallied 0.78 percent, Oversea-Chinese Banking Corporation collected 0.60 percent, SATS skidded 1.02 percent, SembCorp Industries fell 0.32 percent, Singapore Airlines contracted 1.15 percent, Singapore Exchange slumped 1.21 percent, Singapore Technologies Engineering lost 0.39 percent, SingTel spiked 1.20 percent, Thai Beverage jumped 1.05 percent, United Overseas Bank dipped 0.16 percent, UOL Group gathered 0.27 percent, Wilmar International rose 0.28 percent, Yangzijiang Shipbuilding surged 2.47 percent and Mapletree Industrial Trust, Seatrium Limited, DFI Retail Group, CapitaLand Integrated Commercial Trust, Frasers Logistics & Commercial Trust and Frasers Centrepoint Trust were unchanged.
