Singapore shares open higher after govt unveils Solidarity Budget; STI up 1.7%

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SINGAPORE shares opened higher on Tuesday following the announcement of a S$5.1 billion Solidarity Budget by the Singapore government on Monday to support households and businesses, and save jobs. Read more at The Business Times.

Other actives included Genting Singapore, which rose 2.5 Singapore cents or 3.6 per cent to 71.5 cents on 6.1 million shares traded. This was after Genting's Resorts World Sentosa said itMeanwhile, ESR-Reit rose one Singapore cent or 4.1 per cent to 25.5 cents after 5.6 million units changed hands.All three local banks advanced in early trade, as DBS rose S$0.

36 or 2 per cent to S$18.76, OCBC gained S$0.18 or 2.1 per cent to S$8.89 while UOB jumped S$0.51 or 2.6 per cent to S$19.99.sent Wall Street climbing sharply on MondayThe Dow Jones Industrial Average soared more than 1,600 points, a gain of 7.7 per cent, to close at 22,679.99. The broad-based S&P 500 closed at 2,663.68, rising 7 per cent, while the tech-rich Nasdaq jumped 7.3 per cent to finish at 7,913.24.

 

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