Singapore shares close 0.38 per cent up on Friday

THE local market finished 0.38 per cent higher on Friday, with the Straits Times Index moving up 12.48 points to 3,279.88 as Chinese equities rallied and Greek politicians submitted a bailout proposal.

The blue-chip index was lifted by the usual names - banks, Singtel and the Jardine group. Singapore Exchange shares also did well, rising 1.9 per cent or S$0.15 to S$8.13. The most actively traded stock was SIIC Environment, which rose S$0.01 to S$0.183 with 78.6 million shares changing hands. Other actives included IHC and Noble.

On Friday, about 1.16 billion shares worth S$929.7 million changed hands, which worked out to an average unit price of S$0.80 per share.

Gainers outnumbered losers 249 to 180, or about seven up for every five down.