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.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!