Genting Singapore, Singtel and banking stocks lift STI

AFTER breaking an earlier rally streak on Thursday, Singapore equities rebounded on Friday, lifted by banking stocks, Genting Singapore and Singtel.

The benchmark Straits Times Index (STI) climbed 20.99 points or 0.64 per cent to finish at 3,314.12 on Friday. This is 26.69 points or 0.8 per cent higher than July 14's closing of 3,287.43. Over the course of the week, Global Logistic Properties and the local lenders contributed most to helping lift the index above the 3,300 point threshold.

Some 3.7 billion units worth S$1.4 billion were traded on Friday, working out to be about an average of S$0.38 per unit. Trading was firm with gainers outnumbering losers 253 to 188 or about 10 up for every sev…