IN a week that did not start too kindly for investors in Asia, the Singapore market gained slightly on Friday as investors were hopeful that the US and China would be able to work towards a trade deal.
The tariffs were in force one minute after noon Singapore time. Beijing has said it will retaliate but no details of how it would do so have been revealed. In Singapore, trading clocked in at 981.97 million securities or 80 per cent of the daily average in the first four months of 2019. Total turnover came to S$1.07 billion, 4 per cent more than the January-to-April daily average.
Among them, Genting Singapore was the blue-chip index's most traded. The casino operator closed 1.5 Singapore cents or 1.6 per cent lower at 93.5 cents with 52 million shares changing hands. Even though Genting Singapore's first-quarter net profit fell 5 per cent due to lower gaming revenue, research houses kept their"Buy" calls on the stock.
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