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Singapore stocks: STI resumes Friday afternoon up 0.57% on day

SINGAPORE stocks built on their morning gains when trading resumed on Friday afternoon, with the Straits Times Index advancing 0.57 per cent or 18.12 points on the day to 3,212.79 as at 1.05pm.

Gainers outnumbered losers 185 to 143, after 684 million securities worth S$647.9 million changed hands.

The most active counter by volume was Rex International which rose S$0.009 or 5 per cent to S$0.188 with 76.9 million shares traded, followed by Golden Agri-Resources which gained S$0.005 or 2.3 per cent to S$0.225 after 40.9 million shares changed hands. CapitaLand Mall Trust dipped S$0.05 or 2 per cent to S$2.41 on 14.7 million shares traded.

The three local banks were all in the green by the afternoon trade. DBS was up S$0.26 or 1 per cent to S$25.76, UOB increased S$0.59 or 2.3 per cent to S$26.43, and OCBC advanced S$0.15 or 1.4 per cent to S$11.00.

Markets also surged in other parts of Asia following reports that China and the US had reached a trade agreement.

Global stocks were also helped by UK exit polls which predicted a landslide election win for British Prime Minister Boris Johnson that will allow him to push through Brexit.

Tokyo soared 2.4 per cent by the break on Friday, Hong Kong piled on 1.7 per cent, Seoul surged 1.3 per cent and Sydney rose 0.5 per cent. There were also big gains in Taipei, Manila and Jakarta.