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Singapore shares close 16 points higher on Friday

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ON Friday, trading was largely cautious as traders waited for direction from the US, but a 50-point rise in the Dow futures session saw the Straits Times Index rise 15.97 points to 3,142.9, reducing its loss for the week to 27 points or 0.85 per cent.

The most notable feature of trading has been liquidity, which on Friday came to 2.3 billion units worth S$1.1 billion. On Friday a week earlier, dollar value hit S$1.9 billion, so the drop over five days has been a significant 42 per cent. Excluding warrants there were 255 rises versus 200 falls on Friday.

The main focus of the week was whether the Trump administration could push through its healthcare reform in the House of Representatives. A Thursday vote on the plan was postponed to Friday.

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