S'pore stocks advance 0.2%, tracking gains on Wall Street

Gainers outpace losers 225 to 183 across broader market DFI Retail tops STI, with Yangzijiang at bottom Local banking trio end higher, gaining 0.2% to 0.4%

- Tan Nai Lun

Stocks in Singapore ended higher on May 5, tracking May 2's gains on Wall Street.

The benchmark Straits Times Index (STI) rose 0.2 per cent or 7.93 points to 3,853.07. Across the broader market, gainers outnumbered losers 225 to 183, after 614.18 million securities worth $820.46 million changed hands.

In the US, economic data showed limited weakness, as erratic economic policy and uncertainty weighed on confidence, said Mr David Kohl, chief economist at Julius Baer.