Singapore shares edge higher on Friday, up 3.4% on the week

THE positive sentiment of the week continued to radiate in the Singapore market despite a low volume day across markets in Asia as China and Hong Kong were closed for holiday.

In Singapore, the Straits Times Index closed Friday trading up 6.43 points or 0.2 per cent to close at 3,322.64. On the week, the blue-chip index gained 109.76 points or 3.4 per cent from last Friday's close of 3,212.88 on the back of the buoyant mood in Asia. Going by value of trades done, DBS Group Holdings saw S$62.23 million traded - 7.2 per cent of the bourse's value of securities traded - across 2.45 million shares. The bank's shares closed S$0.13 or 0.5 per cent higher at S$26.98.

Among non STI counters, civil engineering firm Yongnam Holdings continued to trade heavily with 21.2 million shares changing hands. Its shares ended flat at 18.6 cents.

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