Singapore shares rise on trade deal details, up 0.6% on the week

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Singapore shares rise on trade deal details, up 0.6% on the week.

We’ll be curating stories from management guru John Bittleston and making them free to read.That said, on the trade front, the elephant in the room was Beijing's silence. Understandably, this has generated some worry over whether both parties will ultimately sign a deal. This, traders noted, seemed to cap gains as Friday's session wore on.

In Singapore, trading volume stood at 1.28 billion securities, 7 per cent over the daily average in the first 10 months of 2019. Meanwhile, total turnover clocked in at S$1.39 billion, 30 per cent over the January-to-October daily average. Investors continued to rotate out of real estate investment trusts since the US central bank affirmed on Wednesday that it is likely to stand pat on interest rates for a year. The iEdge S-Reit Index fell 17.83 points or 1.3 per cent to 1,406.48.

 

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