Singaporesharesweaken on Friday but STI gains 1.4% over the week

the Straits Times Index (#STI) rose 40 points or 1.4 per cent to 2,867.40, including Friday's 2.42 point drop.

Providing the backdrop was a largely firm Wall Street, still basking in the "Goldilocks" glow of the previous week's employment report which suggested that economic growth is robust but not robust enough to justify significant interest rate hikes.

Turnover here however, was mediocre, Friday's session seeing one billion units worth S$916 million, below the S$1 billion daily average this year. On Friday, S$565 million or 62 per cent was done in the 30 STI components.

DBS kicked off the Q2 reporting season for banks on Monday when it announced a 5 per cent increase in net interest income to S$1.8 billion and 6 per cent fall in net earnings to S$1.05 billion.JClick Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg