Singapore shares rise after European and British central banks keep rates low

The Singapore market rose on Friday, with another monetary boost after the Bank of England and European Central Bank both kept interest rates at ultra-low levels on Thursday.

This added to a policy statement from the United States Federal Reserve which maintained the central bank's money-printing policy.

Still, rises were capped as some investors stayed on the sidelines ahead of a keenly-watched jobs number from the US on Friday.

The benchmark Straits Times Index rose 10.84 points or 0.33 per cent to 3,254.13.

Across the market, 2.1 billion units worth $1.18 billion changed hands.

Unlike gains in blue chips, the general market painted a mixed picture. Decliners outnumbered risers 221 to 190 while 390 stocks were unchanged.

MoneyMax Financial Services had a barnstorming debut, closing at 43 cents, more than 40 per cent above its initial public offering price of 30 cents.

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