STI Singapore - Weekly Summary and Economical Data

Weekly Wrap of STI Singapore:

It was a truncate week for Singapore equities and also with the Easter holiday STI flourished and gain made a high @3321 levels.

STI open flat @ 3268.13 levels and then it traded straight upward direction and on the last trading day of this week made a high @3321.62 and finally closed @ 3308.01 with gain of 49.44 points up by 1.59% wow basis.

Economic data:

• Singapore's consumer price index rose a faster than expected 4.9 % in February from a year ago. Economists polled by Reuters were expecting an inflation rate of 4.1 % in February, up from 3.6 % in January.
• Singapore on a year-on-year basis, manufacturing output contracted 16.6% in February 2013, partly attributed to lower activities over the Lunar New Year period. Excluding biomedical manufacturing, output fell 16.2%. On a three-month moving average basis, manufacturing output declined 4.9% in February 2013, compared to a year ago. On a seasonally adjusted month-on-month basis, manufacturing output declined 0.7% in February 2013 compared to January 2013. 
• The general manufacturing cluster’s output contracted 11.5% in February 2013 on a year-on-year basis. The decline was registered across all segments as many firms shut down during the Lunar New Year period.