STI snaps three-day losing streak to close 2.03% higher
Retail-focused Reits stage strong rebound after announcement of start of relaxation of lockdown curbs from Friday.
THE Straits Times Index (STI) rose 52.97 points or 2.03 per cent to 2,666.85 on Tuesday, snapping a three-day losing streak after the US Federal Reserve said on Monday that it will begin buying the debt of individual US companies.
About 1.6 billion securities worth S$1.57 billion changed hands on the Singapore Exchange on Tuesday. Gainers outnumbered losers 355 to 124.
Retail-focused Reits staged a strong rebound after the Singapore government announced late on Monday that it would start to relax lockdown measures from Friday, earlier than expected.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Philips pays US$1.1 billion in US settlement over ventilator recall
Tesla clears key regulatory hurdles for self-driving in China during Musk’s visit
Hot stock: Seatrium up 5.6% on S$100 million share buyback programme
Norway sovereign wealth fund backs HSBC bonus policy reform
Shell earns US$1 billion a year from US crude trading, court filing shows
Sembcorp announces long-term power purchase agreements with Equinix