STI extends losses to close 0.2% lower on Friday

THE Singapore bourse finished on Friday in much the same way as it spent most of the week's trading sessions - on a limp note, no thanks to Wall Street's key indices that put up a mixed showing as they struggled to keep up with fears over trade wars and its politics.

The Straits Times Index extended its losses for the third straight day, closing lower by 5.6 points or 0.2 per cent to finish at 3,512.14. The market's key barometer has spent three out of five days this week in negative territory but, week-on-week, is still up 27 points or 0.8 per cent.

Technically speaking, there's good news, at least according to Trading Central, which has a bullish view on the index's medium term, although a continuation of the consolidation, albeit somewhat limited, in the short term cannot be ruled out.