STI ends Friday flat but adds 1.8% on the week

SENTIMENT in the Singapore market was generally risk-off on Friday. Investors took to profit-taking on property-related counters that have rallied but dips on stocks with heavier exposures to Hong Kong left the blue-chip index nearly unchanged.

The Straits Times Index (STI) closed at 3,222.63, up 1.97 points or 0.06 per cent on Friday. On the week, the benchmark index advanced 56.34 points or 1.8 per cent from last Friday's close of 3,166.29.

Investors remain concerned over the uncertainty of US-China trade relations, the Hong Kong protests and the attacks on two tankers in the Gulf of Oman, which stirred up oil markets on supply worries.