Singapore shares ride vaccine-fuelled rally on Wall Street
Benchmark STI gains 20.42 points to close at 2,559.03 but glove-makers book biggest losses.
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SINGAPORE stocks ended Tuesday higher, following a coronavirus vaccine-fuelled rally on Wall Street, with investors buoyed by news of a newly-approved Covid-19 vaccine, as well as the potential easing of US-China trade tensions.
The Straits Times Index edged up 0.8 per cent or 20.42 points to close at 2,559.03. Advancers outnumbered decliners 243 to 200, after some 2.97 billion securities worth S$1.4 billion changed hands.
Healthcare stocks were among the biggest decliners of the day. Glove makers such as Top Glove shed S$0.75 or 8.22 per cent to close at S$8.38; UG Healthcare lost S$0.26 or 10.16 per cent to S$2.30. Riverstone Holdings, too, ended the day S$0.19 or 4.58 per cent down at S$3.96. Medical apparel maker Medtecs International's share price slid S$0.26 or 15.48 per cent to S$1.42.
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