Singapore shares bounce back on excellent export figures

LOCAL equities yesterday bounced back after sterling export figures came in for October. The Straits Times Index (STI) closed higher by 41.08 points, or 1.23 per cent, at 3,382.38, after sagging over a lacklustre week as earnings reporting season winds down.

Gainers outnumbered losers 257 to 181, on a turnover of nearly 2.3 billion shares worth S$1.29 billion.

The rise in the STI mirrored a surge in United States indices, after Republicans pushed forward with their corporate tax reform agenda.

The Dow finished up by 0.8 per cent on Thursday, while the S&P was higher by 0.82 per cent and the Nasdaq ended up by 1.3 per c…