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STI ends 0.4% higher at 2,815.24

Market Close

STI ends 0.4% higher at 2,815.24

PC Lee Published on Fri, Oct 14, 2016 / 5:17 PM GMT+8

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SINGAPORE (Oct 14): The Singapore stock market closed higher on Friday, after five straight sessions of losses as investors shrugged off a plunge in 3Q GDP and an unchanged monetary policy.

The 30-stock Straits Times Index closed about 0.4% higher at 2,815.24, following positive cues from most of its regional peers.

Singapore’s GDP unexpectedly shrank 4.1% in the third quarter on a seasonally-adjusted and annualised basis compared with the previous quarter.

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