Singapore stocks gain on positive global sentiment

SINGAPORE shares gained on positive global sentiment on Friday, tracking gains on Wall Street as the Straits Times Index (STI) rose by 0.4 per cent, or 11.66 points to close at 3,112.81.

Gainers beat losers 315 by 153, after 1.54 billion securities worth S$1.02 billion changed hands.

UOB Kay Hian analyst Adrian Loh said that the market could have risen with positive sentiment in the US the night before, with the S&P 500 index rising by 0.8 per cent and the Nasdaq rising by a further 1 per cent.