Singapore stocks may rise as US employment falls to 7.8%.
The Straits Times Index rose 0.7% or 21.23 points to end at 3,107.87 -- its highest closing level since 3 Aug 2011. Volume was 1.35 billion shares. Gainers led losers 277 to 163. Here are some stocks and factors to watch:
Singapore on Friday set a maximum tenure of 35 years for all new residential property loans as part of new measures to cool its housing market.
Conglomerate Fraser and Neave said it has revised up the valuation of some of its properties, including its serviced residences, shopping malls and commercial assets, by about $498 million.
Global Logistic Properties, which owns warehouses in China and Japan, said on Friday it had sold 16.7% of GLP Japan Logistics Partners, a joint venture with China Investment Corp, to clients of CBRE Global Multi Manager for $98 million.
Life sciences firm Transcu Group has appointed Lawrence Rikio Komo to be its chief executive officer from Oct 8, replacing Akihiko Matsumura, who will remain as a non-executive vice chairman.
Raffles City Tower, the 42-storey office tower of Raffles City Singapore, will be undergoing a $34.7 million asset-enhancement initiative (AEI). Raffles City is jointly owned by CapitaCommercial Trust (CCT) and CapitaMall Trust (CMT).
Olam International on Friday said it had acquired a 50% stake in Acacia Investments (AI) for US$35 million ($43 million).
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