CHINESE private manufacturing purchasing managers' index figures for February and US economic growth data for Q4 - both of which beat expectations - lifted the spirits of investors worried about the global economic outlook.In Singapore, the Straits Times Index added 7.71 points or 0.2 per cent to close at 3,220.40.
However, investors were still cautiously waiting for further developments after the abrupt ending of the Trump-Kim summit in Vietnam, and updates on China-US trade talks while India-Pakistan relations were in their peripheral vision. This led to muted activity in Singapore.Trading on the Singapore bourse clocked in at about 903.79 million securities worth S$972.67 million in total changing hands. Gainers outnumbered losers 209 to 190.
Among STI constituents, casino operator Genting Singapore was the blue-chip index's most traded. It ended the session one Singapore cent or 1 per cent higher at S$1.03 with 25.5 million shares changing hands. Among financials, DBS Group Holdings closed 24 Singapore cents or 1 per cent up at S$25.08, OCBC Bank added four Singapore cents or 0.4 per cent to S$11.10, while United Overseas Bank lost two Singapore cents or 0.1 per cent to close at S$25.00.
The Singapore Exchange welcomed Penang theme park developer Sim Leisure Group to the Catalist board on Friday. However, shares in SLG opened at 17 Singapore cents - 22.7 per cent lower than its initial public offering price of 22 Singapore cents per share. SLG closed at 16.9 Singapore cents with 3.3 million shares traded.
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