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SINGAPORE : Singapore share prices closed 1.82 per cent higher on Friday after positive US economic data boosted sentiment, dealers said.
The Straits Times Index ended 48.95 points higher at 2,739.95. Volume was 989.8 million shares. Gainers led losers 322 to 174.
Westcomb Securities said second-quarter US GDP figures supported sentiment, but the outlook remained uncertain.
The US Commerce Department revised upwards last month's estimate of a 1.9-per cent pace of growth in gross domestic product (GDP).
It said exports helped growth accelerate to a 3.3-per cent annualised pace, better than the average Wall Street estimate of 2.7 per cent.
DBS bank was a key gainer, up 54 cents to S$18.08, while other banks also rose. UOB climbed 34 cents to S$19.00 and OCBC was three cents higher at S$8.09.
Diversified beverage maker Fraser and Neave was another key mover, rising 16 cents to S$4.39.
In the property sector, CapitaLand gained nine cents to S$4.38, City Developments rose 18 cents to S$10.40 and Keppel Land was up three cents to S$3.88.
Chartered Semiconductor fell 1.5 cents to 48.5 cents. - AFP/ms
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