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Singapore shares close 0.38 per cent up on Friday

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THE local market finished 0.38 per cent higher on Friday, with the Straits Times Index moving up 12.48 points to 3,279.88 as Chinese equities rallied and Greek politicians submitted a bailout proposal.

The blue-chip index was lifted by the usual names - banks, Singtel and the Jardine group. Singapore Exchange shares also did well, rising 1.9 per cent or S$0.15 to S$8.13. The most actively traded stock was SIIC Environment, which rose S$0.01 to S$0.183 with 78.6 million shares changing hands. Other actives included IHC and Noble.

On Friday, about 1.16 billion shares worth S$929.7 million changed hands, which worked out to an average unit price of S$0.80 per share.

Gainers outnumbered losers 249 to 180, or about seven up for every five down.

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