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Positive vaccine news a shot in arm for aviation, tourism stocks

Gainers during pandemic - such as medical supply makers - take a tumble

Published Tue, Nov 10, 2020 · 09:50 PM
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Singapore

AVIATION and tourism stocks in Singapore posted strong gains on Tuesday as investors received a dose of optimism from positive news of Covid-19 vaccines.

The Straits Times Index climbed 3.67 per cent or 95.64 points to close at 2705 on Tuesday, with big gains coming from aviation and tourism-related stocks, while previous beneficiaries of the pandemic, such as glove and medical supply makers, were sharply down.

KEYWORDS IN THIS ARTICLE

Singapore Airlines
Genting
Aviation

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