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Singapore Stock Markets Review 10-Jan
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Publish date: Thu, 10 Jan 2013, 08:18 PM
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Market Review:
Singapore's main index extended its gains for a second straight day, as stronger-than-expected Chinese trade data buoyed investor confidence.
Singapore shares open higher @3230.45 level almost with gain of 10 points and then it made a day high of 3035.95 mark finally STI closed below the high level @ 3226.25 with gain of 5.84 points up by 0.18%.Some 4.3 billion shares, valued at S$1.91 billion were traded. Gainers outnumbered losers 268 to 222.
China's exports grew 14.1 % in December from a year ago to hit a seven-month peak, exceeding market expectations for a 4 % rise; imports grew 6% on the year, double the forecast. This boosted the country's trade surplus to $31.6 billion in December, from a surplus of $19.6 billion in November, and sharply above a forecast of $19.7 billion.
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