Singapore shares closed 0.71 percent higher Friday, ending three days of losses, after Wall Street rebounded on news the US economy posted its strongest growth in two years, dealers said. The blue chip Straits Times Index advanced 18.82 points to 2,651.13 on volume of 1.78 billion shares worth 1.66 billion Singapore dollars (1.19 billion US).
Risers outnumbered decliners 286 to 207, with 879 issues unchanged. Among the banks, United Overseas Bank (UOB) closed up 2.15 percent at 17.08 dollars. Singapore Telecom dipped four cents to 2.94, Singapore Airlines rose four cents to 13.60.
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