Singapore shares continue to post gains
STI builds on the week's positives to close at 3,229.88, an advance of 21.96 points or 0.7 per cent
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MARKET participants like certainty, and with the US Federal Reserve's move to lower interest rates for third time this year, expectations were met.
That said, they were also reminded of slowing global growth with China's official manufacturing and non-manufacturing sector readings showing continued weakness.
Singapore's Straits Times Index (STI) seemed to shrug off those concerns. Opening 0.3 per cent higher, the STI built on the week's positives, adding to those early gains, to close the month out at 3,229.88, an advance of 21.96 points or 0.7 per cent. The benchmark gained 3.5 per cent in October, which is the second best performance in Asia ex-Japan.
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