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Singapore stocks finish Friday mixed, STI flat for the week
ON Friday, softness in the banks left the Straits Times Index (STI) 7.23 points weaker at 3,219.91, although month-ending window-dressing took the index off its intraday low of 3,200. For the week, the index lost just one point.
Turnover amounted to a decent 2.3 billion units worth S$1.3 billion; and excluding warrants, there were 215 rises versus 184 falls so the session was more mixed than weak.
The main forces acting on the local market this week included increased expectations of a December US rate hike and of big US tax cuts.