,Singapore

Markets Briefing: STI ends the week in the black

The Straits Times Index extended its gain until the end of the week's trading, closing at 2,839.89 up by 17.55 points or 0.62% for the week to December 4.

This came despite the lower than expected results of manufacturing sentiment for the month of November, which dropped to 50.4, down by 0.1 point, according to the Singapore Institute of Purchasing and Materials Management (SIPMM).

Top gainers were CityDev with 0.35 points or 4.56%, Jardine C&C with 0.64 points or 3.24%, and CapLand IntCom with 0.06 points or 3.13%.

Wall Street also closed in positive territory, with the Dow Jones up by 0.83%, and S&P 500 rising by 0.88%.

Gains were driven in part by investor hopes that a US coronavirus stimulus deal would be pushed through the Congress soon.

The London's FTSE 100 also ended in with growth from the week, ending trade on Friday at 6,550.23, up by 0.92%

FTSE 250 meanwhile, remained at the 20,000 level, ending up by 0.25% at 20,182.6.

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