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Battered STI claws back slightly as central banks take action to ease liquidity

Thiveyen Kathirrasan
Thiveyen Kathirrasan • 1 min read
Battered STI claws back slightly as central banks take action to ease liquidity
Has a series of actions by central banks across the world finally brought some calm to the financial market?
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SINGAPORE (Mar 20): Has a series of actions by central banks across the world finally brought some calm to the financial market?

Over the past week and a half, companies on the Singapore Exchange (SGX) have found themselves battered relentlessly, on the back of fears of a prolonged coronavirus pandemic.

Notably, a surprise decision by the US Federal Reserve on March 15 to slash interest rates had failed to calm the global financial markets. But now, more central banks have joined in with moves to ease liquidity.

Last week, investors started fleeing for cover after the World Health Organization on March 11 declared the novel coronavirus (Covid-19) outbreak a pandemic.

Amid the uncertainty stemming from Covid-19 as well as other geopolitical events such as the Saudi-led oil price war which saw the collapse of oil prices on March 9, The Edge Singapore is keeping track of the component stocks on the benchmark Straits Times Index (STI), a capitalisation-weighted stock market index that tracks the performance of the top 30 companies listed on the SGX.

This valuation table will be updated at noon each day.

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