Singapore shares are expected to trade higher next week due to interest in China-linked stocks as well as in property and technology counters, dealers said.
"There are many stocks that have not gone up, laggard stocks in the tech and property sector, we could see some movement in those," the head of research at a local brokerage said.
Interest in property stocks may gain pace as the bidding for a casino project on Marina Bay next to the financial district nears its closing date on March 29, he said.
China-linked counters which fell this week may pick up next week on bargain-hunting. "China stocks have fallen sharply this week, so we may see a renewed interest next week," the research chief said.
For the week ending March 10, the Straits Times Index closed at 2,496.73, up 3.3 points or 0.13 percent, from the previous week.
The benchmark index is forecast to move between 2,480 and 2,530 points next week.
Average volume traded for the week totalled 1.08 billion shares worth 1.04 billion Singapore dollars (638 million US), compared with 1.30 billion shares valued at 1.12 billion Singapore dollars the week before.
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