(RTTNews) – The Singapore stock market on Friday wrote a finish to the three-day slide in which it had slumped almost 80 points or 1.7 percent. The Straits Times Index now sits just beneath the 5,000-point plateau although it’s likely to head south again on Monday.
The global forecast for the Asian markets is negative following the outbreak of hostilities between the United States and Israel against Iran. The European and U.S. markets were down on Friday and the Asian bourses are expected to open in similar fashion.
The STI finished modestly higher on Friday as gains from the financial shares, property stocks and industrial issues were capped by weakness from the trusts.
For the day, the index added 30.69 points or 0.62 percent to finish at 4,995.07 after trading between 4,943.14 and 4,996.41.
Among the actives, CapitaLand Ascendas REIT lost 0.37 percent, while CapitaLand Integrated Commercial Trust tanked 2.00 percent, City Developments spiked 4.91 percent, DBS Group eased 0.07 percent, DFI Retail Group stumbled 2.10 percent, Genting Singapore dropped 0.69 percent, Hongkong Land jumped 1.52 percent, Keppel Ltd added 0.54 percent, Mapletree Pan Asia Commercial Trust retreated 1.39 percent, Mapletree Industrial Trust shed 0.49 percent, Mapletree Logistics Trust slumped 0.77 percent, Oversea-Chinese Banking Corporation collected 0.42 percent, SATS vaulted 1.29 percent, Seatrium Limited soared 5.26 percent, SembCorp Industries climbed 0.82 percent, Singapore Airlines improved 0.70 percent, Singapore Exchange rallied 2.02 percent, Singapore Technologies Engineering sank 0.50 percent, SingTel advanced 0.80 percent, Thai Beverage expanded 1.10 percent, United Overseas Bank and Wilmar International both increased 0.57 percent, UOL Group surged 5.62 percent, Venture Corporation plummeted 7.51 percent, Yangzijiang Shipbuilding skyrocketed 10.71 percent and Keppel DC REIT and CapitaLand Investment were unchanged.
