Singapore shares surged over Friday, tracking regional gains as investor sentiment improve due to slimming chances of the US Federal Reserve hiking interest rates.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,754.11 and 5,828.50 throughout the day. It ended the session at 5,801.96, up 54.25 points or 0.94% compared to Thursday's close.
YZJ Shipbldg up over 4%; Hong Leong Asia up nearly 3%; Olam Group, Singtel up nearly 2%; SGX, CityDev, OCBC Bank, iFast up over 1%.
On the corporate front, shares of Aspen fell over 4% at the close as it completed the disposal of its entire 40% stake in joint venture company, Tanjing Bungah Development.
Addvalue Technologies closed nearly 3% higher as it secured new orders worth $5 million across its two key growth business.
Meanwhile, World Precision Machinery has completed the fifth tranche payment of 35 million yuan on Sept. 1 for its acquisition of hospitality assets from Hainan Xinglong Pearl Investment.
