STI ends the week firm, up 6.4% for 2017
NEW US president Donald Trump's actions continued to dominate headlines this week, even if it now appears very likely that his "America First" campaign slogan will translate to protectionist trade practices and greater insularity that could damage the global economy.
In Singapore, the return of some degree of "animal spirits" helped push the Straits Times Index past 3,000 on Jan 11 and has now enabled the index to cross 3,050, perhaps not that significant a milestone as far as chart technicians are concerned but certainly important psychologically.
On Friday, a 13.07-point rise for the STI took it to 3,064.85, though overall turnover was low even for a half-day session at 865.8 million units worth S$585 million. Excluding warrants, the advance-decline score was 172-144.
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