Straits Times Index

Straits Times Index

STI closes 1.04% higher on Thursday; YZJ among top actives

STI closes 1.04% higher on Thursday; YZJ among top actives

6/8/2020 12:56:00 PM

STI closes 1.04% higher on Thursday; YZJ among top actives

THE Straits Times Index (STI) rose for a third straight day to close 1.04 per cent or 26.41 points higher at 2,559.10 on Thursday, buoyed by positive updates on the Covid-19 vaccine front and speculation over the progress of a US stimulus package. Read more at The Business Times.

THE Straits Times Index (STI) rose for a third straight day to close 1.04 per cent or 26.41 points higher at 2,559.10 on Thursday, buoyed by positive updates on the Covid-19 vaccine front and speculation over the progress of a US stimulus package.About 1.63 billion securities worth S$1.32 billion changed hands on Thursday. Gainers outnumbered losers 238 to 193.

Former MOM employee admits repeatedly abusing maid, who climbed down 15 floors to escape 7-Eleven S’pore Launching Onigiri Stuffed With Irvins Salted Egg Fish Skin 15 new Covid-19 cases in Singapore, with 6 imported and 2 in the community

DBS Research analysts wrote in a note on Thursday:"We think the despair phase of this Covid-19 bear market started on June 10, when the STI was at 2,800. This is typical of the last phase of the bear market, characterised by worsening headline news, earnings losses, 'no end in sight' negative sentiment and investors’ disinterest in stocks. Historically, the stock market bottoms when GDP contraction is at its steepest. This is likely to have occurred in the second quarter... We expect a gradual recovery going forward."

Shares of local banks perked up on Thursday after DBS Group reported a second quarter net profit that was slightly ahead of expectations; United Overseas Bank's earnings, however, missed expectations. Read more: The Business Times »

Sexual offences, quotas and serving NS: K Shanmugam speaks frankly about women’s issues

After launching a series of public engagements on women’s issues in a move towards greater gender equality on Sunday (Sep 20), Home Affairs and Law Minister K Shanmugam sits down with Lin Suling to talk about gender relations, the law and sexual offences, and women in the workplace. He also gives his take on whether quotas would work and responds to comments about women serving National Service.

Singapore stocks open higher on Thursday; STI up 0.8%SINGAPORE shares rose on Thursday even as local lenders DBS and United Overseas Bank (UOB) posted lower Q2 earnings. Read more at The Business Times.

STI closes 0.68% higher on Wednesday as spotlight falls on bank earningsLOCAL shares made mild gains on Wednesday, on hopes that US law-makers will reach an agreement on the next round of fiscal stimulus, to safeguard the global economic recovery. Read more at The Business Times.

Singapore shares open higher on Wednesday; STI up 0.6%SINGAPORE stocks began trading in positive territory on Wednesday, extending a rally overnight that ended a three-day losing streak. Read more at The Business Times.

STI closes 1.24% higher, tracking global tech rallyTHE Straits Times Index (STI) tracked a rally in tech stocks on Wall Street and Hong Kong to rise 30.79 points or 1.24 per cent to 2,515.70 on Tuesday, ending a three-day losing streak. Read more at The Business Times.

Singapore stocks open higher on Thursday; STI up 0.8%SINGAPORE shares rose on Thursday even as local lenders DBS and United Overseas Bank (UOB) posted lower Q2 earnings. Read more at The Business Times.

STI closes 1.24% higher, tracking global tech rallyTHE Straits Times Index (STI) tracked a rally in tech stocks on Wall Street and Hong Kong to rise 30.79 points or 1.24 per cent to 2,515.70 on Tuesday, ending a three-day losing streak. Read more at The Business Times.