Singapore stocks end higher after another record close on Wall Street
- POSTED: 27 Dec 2013 19:18
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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.
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 S&P 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.