Market Update: STI ends with modest gains, up by 1.90%

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The Straits Situations Index closed on Monday with a slight uptick of 57.31 components, or 1.90%, closing at 3,071.16.

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About 2.07-billion securities worth S$1.91-billion modified fingers, and whatever the precept index closing with options, stock losers outnumbered advancers, 275 to 237.

The very best performer for the day was Jardine Strategic Holdings with a 19.49% or S$5.35 obtain – on the once more of a proposed acquisition of Jardine Matheson. That target moreover seen an increase in its share price, up by 15.48% or US$8.31.

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Most Asian shares ended the shopping for and promoting day throughout the purple as China’s foremost index entered a correction on concerns about liquidity and valuations in some simply currently favored shares.

On Wall Highway, US shares traded blended as bond yields further climbed after the Congress made headway in the direction of passing one different coronavirus bundle deal.

The S&P 500 plunged at about 0.38% or 14.57 components at 3,827.37. The NASDAQ moreover ended lower by 2.41% or 310.99 components closing at 12,609.16 whereas Dow Jones Industrial climbed by about 306.14 components or 0.97% at 31,802.44.

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London shares, within the meantime, jumped boosted by mining and energy sectors and that the strict lockdown has easen down.

The FTSE 100 ended up by 1.34% or 88.61 components at 6,719.13. FTSE 250 moreover went elevated by 1.19% or 248.91 components closing at 21,210.22.

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