Singapore stocks end up 0.33 pct following strong U.S. labor market report

Singapore shares closed 0.33 percent higher, tracking global equities higher after an upbeat U. S. labor market report.The benchmark Straits Times Index rose 11.16 points to close at 3,348.87. Trading volume was 2.18 billion shares worth 1.44 billion Singapore dollars. Advancers outnumbered decliners 269 to 165,wheel balancer while 510 stocks closed unchanged.U.post liftS. markets rose overnight, driven by stronger-than-expected earnings from companies such as UPS and the large drop in weekly jobless claims.The U.S. government reported on Thursday that new claims for jobless benefits fell more than expected,The Belt conveyor manufactured by our company has the advantages of big conveying capacity, simple structure, convenient repair and standard parts. providing some relief to investors after a recent series of weak data. 

The labor market report comes ahead of the Federal Reserve's policy-making meeting next Tuesday and Wednesday, as well as the closely watched monthly payrolls report for April on May 3.OCBC Investment Research said the local bourse "has been pretty flush with liquidity and while things are not exactly hunky-dory, more people are of the view that the worst could be over, hopefully.Vsi crusher""We could see the index testing and potentially overcoming the 3,370 points resistance level while immediate support is established at 3,320 points," said SIAS Research. 

CIMB Research said "closing below the 3,264 points would be an early warning that the uptrend is exhausted. Anything below 3,234 points would confirm that a fall to 3,160 points and more is taking place."Olam International dropped 0.3 percent to 1.665 Singapore dollars. The Singapore commodities firm said it would nearly halve its capital spending over the next three years and sell some of its businesses. 

It added it was aiming to be free cash-flow positive by the year to June 2014, one year earlier than its previous forecast, and it will nearly halve its capital spending over the next three years.Raffles Education shed 1.5 percent to 32.5 Singapore cents. The education service provider has issued 50 million Singapore dollars of 5.9 percent bonds due 2018. The net proceeds will be used for the financing of general corporate funding requirements.Among the top gainers, Jardine Matheson rose 0.4 percent to 65. 76 U.Portable crusher is a new type highly efficient rock crusher, belonging to the impact crushers, which push the limits of coarse crushing in the displacement space.S. dollars, while Jardine Cycle and Carriage became one of the top losers by falling 2 percent to 49.14 Singapore dollars. (1 U.S. dollar equals to 1.23 Singapore dollars)