Singapore's stock market registered some gains on Friday to end the week in the positive territory, while global markets adopted a cautious approach in the wake of growing tensions in the Middle East.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,569.90 and 3,589.13 throughout the day. It ended the session at 3,589.13, up 11.70 points or 0.33% compared to Thursday's close.
In economic news, Singapore's retail sales were up 0.6% in August on a year-on-year basis, according to data released by Singapore's Department of Statistics.
In company news, shares of Fish service provider Qian Hu rose over 6% after the company revealed that its executive chairman Kenny Yap will retire on Dec. 31.
Meanwhile, Silverlake Axis said the voluntary unconditional offer by E21 to take the company private at SG$0.36 per share has been extended to Oct. 7.
IHH Healthcare closed under 1% after it issued further shares pursuant to its enterprise option scheme.
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