Monday 8 May 2017

SINGAPORE MARKET OPENS HIGH AFTER MACRONS RALLY


Asian markets mostly rose on Monday following a Wall Street rally as dealers cheered a strong US jobs report but the euro failed to hold on to early gains after Emmanuel Macron beat far-right candidate Marine Le Pen in France's presidential election.

Singapore, Wellington and Taipei all enjoyed healthy gains, as did Manila and Jakarta.

Singapore shares opened slightly higher on Monday, extending the feel-good factor from Wall Street on Friday after US jobs data showed a rebound in payrolls and energy shares recovered.

At 9.02am, the benchmark Straits Times Index was up 8.46 points at 3,238.19.

Some 87.4 million shares worth S$107 million were traded. Gainers outpaced losers 92 to 45.



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