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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Bank of Singapore takes action against employees for misusing medical benefits
UBS weighs synthetic risk transfer amid capital boost proposals
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine