Singapore Shares Open Higher as Investors Focus on Earnings
MT Newswires
Aug 07
Singapore shares opened higher on Friday, lifted by local heavyweight earnings as investors moved past the crisis in the Middle East.
The Straits Times Index opened 0.27%, or 15.13 points higher, at 5,654.120.
While major banks like United Overseas Bank (SGX:U11) and Oversea-Chinese Banking Corp (SGX:O39) posted gains in profit, the Singapore Exchange (SGX:S68) also recorded a jump in its attributable profit to SG$698.4 million from SG$648 million.
Investors will also be keenly eyeing U.S. nonfarm payrolls report later on Friday for cues on the Federal Reserve's interest rate outlook.
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