Singapore stocks: STI resumes Friday afternoon up 0.48% on day as Asia markets rally

, which shrank 14.4 per cent to S$54.7 million.

Banking stocks made gains by the afternoon trade – DBS was up 1.3 per cent or 34 Singapore cents to S$26.65, UOB rose 1.1 per cent or 28 cents to S$26.94, and OCBC moved up 1 per cent or 12 cents to S$11.66. Other active index securities included Singtel which increased 0.6 per cent or two Singapore cents to S$3.54 on a cum-dividend basis, and CapitaLand Commercial Trust which gained 0.5 per cent or one cent to S$2.16 on a cum-dividend basis as at 1.03pm. Venture Corporation was up 3.7 per cent or 56 cents to S$15.60.

Keppel Corporation fell 0.8 per cent or five Singapore cents to S$6.54 on a cum-dividend basis with 3.8 million shares traded as at 1.03pm. The conglomerate on Thursday evening postedfor its second quarter, mainly due to the absence of gains from en bloc sales of development projects. Sabana Reit was up 1.1 per cent or 0.5 Singapore cent to S$0.46 as at 1.04pm. It said on Thursday night that the former tenant of its property at 10 Changi South Street 2Meanwhile, Datapulse Technology was down 4.1 per cent or one Singapore cent to 23.5 cents as at 1.05pm.

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Hong Kong: Stocks open higher on Friday[HONG KONG] Hong Kong stocks started Friday morning with small gains after two days of losses with buying supported by fresh hopes of a deep interest rate cut by the Federal Reserve later this month. Read more at The Business Times.
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