Singapore shares open higher on Friday; STI up 0.2% to 3,200.15

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SINGAPORE shares edged higher on Friday morning, with the Straits Times Index gaining 0.2 per cent, or 5.19 points to 3,200.15 as at 9am. Read more at The Business Times.

as of Sept 12, and revised upwards its expected revenue range to between S$285 million and S$305 million for FY2019.

Banking stocks were all in the green in the morning trade - DBS rose 0.4 per cent, or nine cents to S$25.46; OCBC bank gained 0.6 per cent, or seven cents to S$11.08; and United Overseas Bank was up 0.1 per cent or three cents to S$26.44. Other active index stocks included Hi-P which climbed 1.7 per cent, or two cents to S$1.22; and Hongkong Land which was up 1.1 per cent, or six US cents to US$5.78.

Elsewhere, Asian equities saw modest gains at the end of the trading week, as hints of progress in the US-China trade dispute and a fresh round of stimulus from the European Central Bank helped to allay worries about a global economic slowdown. Japan's Topix index advanced 0.5 per cent as at 8.40am, and Australia stocks gained 0.3 per cent. Futures on the S&P 500 Index added 0.1 per cent. The underlying gauge climbed about 0.3 per cent on Thursday.

 

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