Singapore's shares closed the week in green amid a rise in non-oil domestic exports (NODX) and a banking stock rally.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,401.25 and 5,450.18 throughout the day. It ended the session at 5,415.53, up 12.03 points or 0.22% compared to Thursday's close.
AvePoint up over 6%; HPL up 4%; YZJ Shipbldg, Far East HTrust up over 3%; UMS up over 2%; ST Engineering up over 1%.
On the economic front, the country's NODX surged 68.4% year-over-year in September, accelerating from a 46.1% expansion in the prior month.
In corporate news, Jardine Matheson's (SGX:J36) shares were down over 4% as it completed the sale of its Cycle & Carriage businesses in Singapore and Malaysia to Chandra Asri Pacific unit CCHPL.
Elsewhere, Indofood Agri Resources (SGX:5JS) unit Salim Ivomas Pratama said forest and land fires in Indonesia have had no material impact on its business activities or continuity to date. Shares closed nearly 2% higher.
Aspial Lifestyle (SGX:5UF) closed nearly 2% lower as it repurchased SG$10.3 million in principal amount of bonds under its buyback program, which has now expired.
Comments