Singapore stock market moves higher in consecutive trading days

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Stock market chart

The Singapore stock market has moved higher in consecutive trading days, gathering more than a dozen points or 0.4 per cent along the way.

The Straits Times Index now sits just above the 3,070-point plateau although it may run out of steam on Monday.

The global forecast for the Asian markets is soft on sinking crude oil prices and on the outlook for interest rates. The European and US markets were down and the Asian bourses are expected to open in similar fashion.

The STI finished slightly higher on Friday following gains from the financial shares and mixed performances from the properties and technology stocks.

For the day, the index gained 6.69 points or 0.22 per cent to finish at the daily high of 3,071.23 after trading as low as 3,054.60.

Volume was 2.86 billion shares worth 2.62 billion Singapore dollars. There were 251 decliners and 248 gainers.

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