STI sheds 0.3% amid continued economic toll from Covid-19

Advancers outnumber decliners 218 to 210 for the day, with 1.54 billion securities worth S$1.32 billion changing hands.

Published Tue, Aug 18, 2020 · 09:50 PM

THE Straits Times Index (STI) fell 8.46 points or 0.33 per cent to close at 2,563.09 on Tuesday, as the workforce continues to feel the impact of the novel coronavirus pandemic on livelihoods.

DBS Group Research said on Tuesday that while policy measures "to help the vulnerable segments of society have helped to moderate job losses, the (pandemic's) impact on income is nevertheless far more severe".

The best performer among the index's constituents was Singapore Technologies Engineering (ST Engineering), which gained 2.66 per cent for the day to close at S$3.48.