Singapore bourse ends week on positive note

SINGAPORE - Shares rose on Friday, with the Straits Times Index (STI) up 10.7 points or 0.3 per cent to 3,315.67.

That helped the STI to end the week higher by 29.3 points or 0.9 per cent.

Some 1.5 billion shares worth $1.02 billion changed hands.

The top volume counter was Memstar Technology, which rose 0.4 cent to 1.6 cent on a turnover of 189.3 million.

CMC market analyst Desmond Chua said European data did not surprise on the downside, lending support to the local market.

The eurozone's two largest economies - Germany and France - both avoided recession.

Germany's gross domestic product for the third quarter rose 0.1 per cent compared with the previous quarter, while France grew 0.3 per cent.

Analysts had expected a 0.1 per cent growth for both economies, according to Bloomberg.

Elsewhere, Asian bourses closed mixed, with Tokyo adding 0.6 per cent and Hong Kong rising 0.3 per cent.

But Seoul lost 0.8 per cent and Shanghai dropped 0.3 per cent.