Singapore stock finally 1.29%

Singapore, December 14 (Xinhua)-Singapore shares closed at 1.29% higher on Monday as investors supported advances in coronavirus vaccines.

The U.S. market ended mixedly after the U.S. Senate approved a week-long budget suspension to avoid a government shutdown last Friday, but the outlook for the long-awaited fiscal stimulus remains uncertain and economic activity. Concerns about the downturn have renewed.

Meanwhile, in Asia, crude oil prices have risen as advances in coronavirus vaccines are optimistic about a global recovery next year.

“Technically, the Straits Times Index appears to be in integrated mode with short-term support at 2,793 points and overhead resistance with a breakdown gap of 2,892 points,” said MayBank-Kim Eng Retail Research.

Singapore’s benchmark Straits Times Index rose 36.44 points to 2,858.14 points. The turnover was 2.17 billion shares and S $ 1.31 billion. The advancers outnumbered the decreasers by 265 to 180.

The Singapore Exchange rose 1.85% to S $ 9.35. Signed a Memorandum of Understanding (MOU) with the Central Government Bond Registry (CCDC) in a broad agreement to strengthen and promote the bond markets of Singapore and China.

Among the top winners, Jardine Matheson rose 0.81 percent to S $ 55.95 and Reversetone Holding fell 5.93 percent to S $ 1.11, making it one of the top losers. (1 US dollar is equivalent to 1.33 Singapore dollars)

Singapore stock finally 1.29%

Source link Singapore stock finally 1.29%

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