STI ends week of losses down 0.08% on Friday

IT HAS not been a good week for the Singapore market, with the ongoing spat between the US and Turkey dragging global markets down in the past few days.

Some positive news trickled in on Friday as July's non-oil domestic exports (NODX) registered 11.8 per cent growth year-on-year above consensus expectation of a 7.4 per cent rise, although analysts were doubtful that the performance will be sustained in the months ahead.

The key Straits Times Index (STI) closed down 2.49 points or 0.08 per cent at 3,209.44 on Friday, capping five sessions of straight losses. It has lost 75.34 points or 2.3 per cent over the course of the week. About 992 million shares worth S$985 million in total changed hands, compared with 1.52 billion worth S$1.05 billion on Thursday…