Singapore shares claw back early losses to end marginally higher

LOCAL shares clawed back early losses on Wednesday to close slightly higher, as traders welcomed Tuesday's findings that a cheap generic steroid dramatically reduces Covid-19 death rates, while reading the better-than-expected US retail sales print with a pinch of salt.

The Straits Times Index (STI) finished 2.77 points or 0.1 per cent higher at 2,669.62. Gainers outnumbered losers 209 to 169, with 1.43 billion securities worth S$1.13 billion traded.

Top active Synagie rose 0.6 Singapore cent or 3.70 per cent to S$0.168 on volume of 134.7 million.