As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Friday, 26 April 2013

Singapore's STI ends at new 5-year high









 






























SINGAPORE - Singapore shares continued to climb on Friday, rising to a fresh five-year closing high.

The blue-chip Straits Times Index (STI) ended up 11.16 points at 3,348.87 -- its highest close since January 7, 2008. It added 1.7% for the week.

In the broader market, 2.18 billion shares valued at S$1.44 billion changed hands.

Gainers beat losers 269 to 165.

Among the losers, Olam ended off 0.3% at S$1.665 after initially trading up as much as 3.0% on the release of its strategic review saying it will slow its investment pace and reduce loans -- addressing some concerns raised by short seller Muddy Waters in a report.

CapitaLand rose 2.0% to S$3.65 ahead of its earnings release. After the market closed, it announced first-quarter net profit rose 41% on year to S$188.2 million. 

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