Stephen Innes, chief global markets strategist at Axi, noted that this is"hardly the end of the rosy re-opening story" for stock markets, as investors' risk appetite remained buoyant on fiscal stimulus, improved global vaccine distribution and diminishing fears about retail-trading dislocation.
Topping the list of advancers were Jardine Matheson Holdings and Jardine Strategic Holdings. Jardine Matheson gained 1.5 per cent or US$0.87 to US$59.70, and Jardine Strategic added 2.5 per cent or US$0.65 to US$26.25. iFast Corporation was the biggest loser for the day, after coming in among the top gainers for the past two trading sessions. The counter closed at S$6.14 on Wednesday, down 9.4 per cent or S$0.64.
Other decliners were Nanofilm Technologies, which fell 2 per cent or S$0.10 to S$5.01, and Top Glove, which slipped 3.5 per cent or S$0.08 to close at S$2.23. For the third consecutive day, Oceanus was the most heavily traded stock with 371 million shares changing hands over the course of the day. It closed at 6.5 Singapore cents on Wednesday, down 1.5 per cent or 0.1 cent.For daily updates on weekdays and specially selected content for the weekend. Subscribe to
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