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SINGAPORE - Singapore shares closed 1.10 percent higher Friday, fuelled by overnight gains on Wall Street but there was some caution ahead of the release of US employment data, dealers said.
The blue-chip Straits Times Index rose 28.86 points to 2,658.21 on a volume of 1.23 billion shares worth S$1.13 billion. Gainers outnumbered losers 280 to 181, while 784 issues were unchanged.
Wall Street soared Thursday in the strongest rally since July on better-than-expected jobs claims data and positive company news, boosting Asian equities.
Traders were also eyeing the release of US non-farm payroll figures for October due out Friday.
"Short-term trading activities (will) wind down ahead of the weekend and tonight's US employment data," DBS Vickers Securities said.
Banking shares were higher, with DBS gaining 40 cents to S$13.38, United Overseas Bank up 34 cents to S$17.76 and Oversea-Chinese Banking Corp climbing 15 cents to S$7.85.
Among property shares, Capitaland edged up five cents to S$4.09, City Developments rose 17 cents to S$10.02 and Keppel Land closed four cents higher at S$2.77.
Singapore Airlines was up 18 cents to S$13.98 and Singapore Telecommunications gained five cents to S$2.94.
Agricultural products supplier Olam International rose six cents to S$2.51 and utilities and marine group Sembcorp Industries closed five cents higher at S$3.26.
- AFP/ir
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