News @ AsiaOne

STI up 2.43% at closing

Straits Times Index (STI) rose 44.29 points to 1,863.49. -ST

Fri, Nov 07, 2008
The Straits Times

SINGAPORE shares closed 2.43 per cent up on Friday, but caution remained as weak company earnings and job cuts by banking giant DBS Group underlined the impact of a slowing economy, analysts said.

The benchmark Straits Times Index (STI) rose 44.29 points to 1,863.49.

Around 1.5 billion shares exchanged hands.

Gainers beat losers 287 to 181.

 


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