STI snaps three-day losing streak to close 2.03% higher
Retail-focused Reits stage strong rebound after announcement of start of relaxation of lockdown curbs from Friday.
THE Straits Times Index (STI) rose 52.97 points or 2.03 per cent to 2,666.85 on Tuesday, snapping a three-day losing streak after the US Federal Reserve said on Monday that it will begin buying the debt of individual US companies.
About 1.6 billion securities worth S$1.57 billion changed hands on the Singapore Exchange on Tuesday. Gainers outnumbered losers 355 to 124.
Retail-focused Reits staged a strong rebound after the Singapore government announced late on Monday that it would start to relax lockdown measures from Friday, earlier than expected.
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