STI kicks off week with 19-point gain ahead of Phase 3 'roadmap'

SINGAPORE stocks kicked off the week on a positive start, with the benchmark Straits Times Index (STI) ending the day up 0.77 per cent or 19.46 points to close at 2,552.42. Sembcorp Industries came out tops among the STI constituents, gaining 3.01 per cent or S$0.04 to close at S$1.37.

Other top performers in the index included ComfortDelGro and Venture Corporation, which gained 2.07 per cent and 1.92 per cent respectively.

In a report on Oct 7, RHB analyst Shekhar Jaiswal said that ComfortDelGro "should benefit from gradual improvements in public transport ridership and increase in its taxi utilisation, as the country enters Phase 3 of reopening the economy".