Singapore stocks close higher with STI up 8.15 points

INVESTORS went for the profits on Wednesday following Singapore equities' sprint the previous day.

So it was not surprising that the benchmark Straits Times Index (STI) spent most of Wednesday in the red in the morning until Chinese data, deemed positive, cushioned the fall.

Even though China's October exports lagged market expectations to rise by 6.9 per cent from a year earlier, imports beat forecasts growing 17.2 per cent.

And so it is that the STI closed 8.15 points or 0.24 per cent up to 3,421.25.

Turnover came in at 2.8 billion units worth S$1.3 billion, averaging out to S$0.46 a share. Excluding warrants, losers beat gainers 250 to 194, pointing towards a rather mixed session.