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SINGAPORE : Singapore stocks closed 0.3 per cent higher on Friday, in line with gains in other Asian markets.
The Straits Times Index rose 9.51 points to end at 2,922.76. Volume was at 2.56 billion shares. Gainers led losers 379 to 167.
Dealers said a better overnight performance on Wall Street encouraged retail investors back into the market after Thursday's decline.
They said earnings prospects for the first quarter also underpinned markets in the region, and the markets should continue upwards next week due to expectations that the US economy was likely to show more signs of recovery.
Analysts said the opening of the integrated resorts and expectations of firm headline gross domestic product figures for the first and second quarter will continue to support the Singapore market in the first half of this year.
However, some investors were cautious ahead of the release of US non-farm payroll figures later in the day.
- CNA/ms/al
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