Singapore shares closed 1.10 percent higher Friday, fuelled by overnight gains on Wall Street but there was some caution ahead of the release of US employment data, dealers said. The blue chip Straits Times Index rose 28.86 points to 2,658.21 on volume of 1.23 billion shares worth 1.13 billion Singapore dollars (812 million US).
Gainers outnumbered losers 280 to 181, while 784 issues were unchanged.
Banking shares were higher, with DBS gaining 40 cents to 13.38, United Overseas Bank up 34 cents to 17.76. Among property shares, Capitaland edged up five cents to 4.09, City Developments rose 17 cents to 10.02 . Singapore Airlines was up 18 cents to 13.98 and Singapore Telecommunications gained five cents to 2.94.