STI slips 0.1% on Friday, but ends week more than 1% higher

THE Singapore bourse capped the week's trading on a limp note with the key Straits Times Index losing 3.81 points or 0.1 per cent to close at 3,420.1, no thanks to Wall Street's correction on Thursday night led by disappointment that the much-awaited corporate tax cuts in the United States have been pushed to 2019.

But that does little to take the shine away from the recent feat pulled off by the STI - over five trading sessions from Nov 3 to Nov 9, the stock market's key barometer gained 1.3 per cent, reaching as high as 3,429.21, a level last seen only in May 2015, according to the Singapore Exchange's investor education portal My Gateway.

Year to date, the index is up nearly 19 per cent. Week-on-week, the STI remained in positive territory, gaining nearly 38 points or 1.1 per cent.