Singapore shares ended higher on Friday, following another record close on Wall Street. The ST Index was up 15.40 points (0.49%) at 3,149.76.
- PHOTOS
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SINGAPORE: Singapore shares ended higher on Friday, following another record close on Wall Street.
The ST Index was up 15.40 points (0.49%) at 3,149.76.
On the Singapore Exchange, turnover was 3.13 billion shares worth S$793.3 million. Gainers beat losers 229 to 193.
On Thursday, US stock markets continued their bull run of 2013 and positive unemployment figures offered more evidence of a firming economy.
The Dow Jones Industrial Average surged 0.75 percent to 16,479.88, finishing at a record high for the sixth straight session. The SP 500 added 0.47 percent to 1,842.02, while the Nasdaq increased 0.28 percent to 4,167.18.
The latest record came after US Labour Department data showed first-time claims for unemployment benefits fell to 338,000 from an adjusted 380,000 the previous week. Analysts had projected that 350,000 claims would be filed.
Other better-than-expected economic news in recent days has increased confidence in the US outlook after the Federal Reserve announced on December 18 it was scaling back its massive bond-buying programme.
Among the gainers, United Overseas Bank rose 0.81 percent to S$21.16 while Singapore Airlines gained 0.88 percent to S$10.32.
- CNA/de
Singapore stocks end higher after another record close on Wall Street
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