STI slides as market braces for bad news from PM Lee's virus update
Market also bearish after May futures contracts for US crude oil grade WTI turned negative for the first time.
THE Straits Times Index (STI) closed down 45.93 points or 1.77 per cent at 2,551.92 on Tuesday as punters braced for bad news following Prime Minister Lee Hsien Loong's 4pm announcement that he would address the nation at 5pm on live television.
During his address, he announced a four-week extension to June 1 of the partial lockdown measures.
About 1.63 billion securities worth S$1.47 billion changed hands on Tuesday. Losers outnumbered gainers 341 to 111. The top active counter was Biolidics, which jumped 40.79 per cent or 15.5 Singapore cents to S$0.535.
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