Local shares ended higher on Friday, as real estate investment trusts (Reits) continued to climb amid expectations that the Federal Reserve will halt its interest rate hikes soon.
The Straits Times Index (STI) advanced 0.6 per cent to close at 3,384.29 on Friday. Losers outnumbered gainers 306 to 281, after 2.2 billion securities worth $1.4 billion changed hands.
IG market analyst Yeap Jun Rong noted that banks fell on Thursday due to softer rate hike bets.
This story is from the February 04, 2023 edition of The Straits Times.
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This story is from the February 04, 2023 edition of The Straits Times.
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