STI rises 1.28% to 2,595.97 points on Wall Street gains

Advancers outnumber decliners 295 to 173 for the day, and 2.35 billion securities worth S$1.6 billion change hands.BY TAY PECK GEK

Published Thu, Aug 13, 2020 · 09:50 PM

Singapore Stocks

THE Straits Times Index (STI) ended Thursday up 32.77 points or 1.28 per cent at 2,595.97 points, fuelled by strong gains in the US markets and extending a two-day upward movement.

The two Jardine conglomerates Jardine Matheson Holdings and Jardine Strategic Holdings, both trading cum-dividend took the top two positions in the STI gainers chart. Jardine Matheson shares rose US$0.83 to US$41.40, reversing the US$0.47 loss on Wednesday; Jardine Strategic gained US$0.75 to US$20.70.

Sembcorp Marine, which will be hived off from STI stock Sembcorp Industries, ended two Singapore cents up over its theoretical ex-rights price at 24.5 Singapore cents on the first day of ex-rights trading.