STI's uptrend continues for second day amid lower virus case numbers

THE Straits Times Index (STI) continued its uptrend for a second day straight, ending Tuesday up 13.55 points or 0.53 per cent at 2,562.95 points.

The number of Covid-19 cases reported on Tuesday was significantly lower. A report by Singapore's central bank on Tuesday also offered optimism that the government's jobs support schemes will help to cushion the labour market, although layoffs and unemployment will rise.

ComfortDelGro Corporation was the the best performer among the index constituents. Its shares rose S$0.09 or 6.16 per cent to S$1.55 after OCBC Investment Research kept its "buy" call with a long-term view on the counter.