Singapore shares close week higher despite weakness in Dow futures, Europe

THE Straits Times Index (STI) on Friday rose 25.17 points to 2,838.65, thanks to gains in the Jardine stable, Genting Singapore and Singtel. This came with 1.3 billion units worth S$1.09 billion traded and brought the STI's rise for the week to 24 points or 0.9 per cent.

Friday's rise came despite a fall in the Dow futures and a weak opening for Europe. Excluding warrants, there were 193 rises versus 194 falls so the index's rise was not reflected in the rest of the market.