- POSTED: 08 May 2014 20:00
- UPDATED: 08 May 2014 20:21
Shares in Singapore closed firmer on Thursday in line with regional markets, lifted by US Fed chief's comments and positive trade data from China.
SINGAPORE: Shares in Singapore closed firmer on Thursday in line with regional markets, lifted by US Fed chief's comments and positive trade data from China.
The markets took comfort from Janet Yellen's comments that the US economy was on track for "solid growth" for the second quarter and stimulus taper would continue steadily.
Meanwhile, China's April trade data showed a slight increase in the country's exports and imports, after making dropping sharply the previous month.
The Straits Times Index rose 11.26 points, or 0.35 per cent, to end at 3,247.69.
Gainers outnumbered losers 221 to 192, and volume totalled 1.36 million shares valued at S$$974 million.
Banks finished higher, with DBS rising 3 cents to S$17.05, UOB gaining 40 cents to S$22.00, and OCBC Bank edging up 1 cent to S$9.75.
Among other blue chips, SingTel added 4 cents to S$3.81, while Singapore Airlines dipped 3 cents to S$10.25, and Fraser & Neave closed unchanged at S$3.06.