Jan 2, 2009
STI closed 2% higher
SINGAPORE - SINGAPORE shares closed up 2.17 per cent on Friday,
starting the new year on a positive note after the local bourse
plunged almost 50 per cent last year during the global economic
crisis.
The blue-chip Straits Times Index (STI) gained
38.16 points to 1,799.72 on volume of 955 million
shares worth $686 million.
Gainers outnumbered losers 305 to 113 with 842 issues
unchanged.
Dealers said the index's start to the year was heartening but
activity may be limited until later in the month.
'Our view for the STI remains that the first two to three weeks of
January could be benign ahead of the January 22 Singapore budget,'
said DBS Vickers Securities.
Official data released Friday showed Singapore's recession has
deepened, and the government says it plans to unveil an
expansionary budget that will emphasise help for businesses.
Bank shares were higher, with United Overseas Bank up 46 cents to
$13.38, Oversea-Chinese Banking Corp gaining 19 cents to $5.18 and
DBS rising 27 cents to $8.69.
The property market continued gains, with City Developments rising
23 cents to $6.60, CapitaLand up 16 cents to $3.27 and Keppel Land
ending nine cents higher at $1.79.
Singapore Airlines posted a 56-cent gain to close at $11.82, and
motor vehicle firm Jardine Cycle and Carriage rose 42 cents to
$9.92. Shipping firm COSCO fell 2.5 cents to $92.5 cents. --
AFP
http://www.straitstimes.com/Breaking%2BNews/Money/Story/STIStory_321084.html
From SGX website: www.sgx.com the STI closed
68.15 points higher.
Interesting...
And Yahoo Singapore shows 38.16
http://sg.finance.yahoo.com