04 Mar '11, 10am

DTN Singapore: Singapore stocks firm on optimism over US economy, easier oil prices: SINGAPORE : Share prices in...

DTN Singapore: Singapore stocks firm on optimism over US economy, easier oil prices: SINGAPORE : Share prices in...

SINGAPORE : Share prices in Singapore closed higher on Friday, boosted by optimism over the US economy and a retreat in oil prices. Traders said solid gains on Wall Street overnight also encouraged buying after recent market declines. US initial jobless claims fell last week to 368,000, fuelling optimism that the American economy is improving. The ST index climbed 23.96 points to 3,061.31 on a volume of 1,202 million shares. There were 264 gainers against 181 declining issues by the end of the session. Among active counters, Dyna-Mac Holdings eased one cent to 43 cents while commodity trading firm Noble Group edged 5 cents lower to $2.13. Noble plans to place 306.5 million shares at S$2.07 each, representing a 5 percent discount to its closing price of S$2.18 on Thursday. Stocks hit by the recent rise in the crude oil price continued their recovery on Friday with Singapore...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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