SINGAPORE (May 4): The benchmark Straits Times Index (STI) fell 2.35% as at 2.30pm on Monday. This comes as investors remain cautiously concerned over on-going economic and business impact on the Covid-19 outbreak.

See also: Strict circuit breaker measures to be eased from May 4 but Covid-19 task force stresses Singapore is 'not out of the woods'

On May 2, the government announced slightly less restrictive measures, allowing a few specific businesses such as traditional Chinese medicine (TCM) acupuncture services and TCM retail products resume operations on May 5. Others including barbers, laundry services, and home-based bakers will be re-opening from May 12.

Amid the uncertainty stemming from Covid-19, as well as the fallout from the Hin Leong collapse on local banks, The Edge Singapore is keeping track of the component stocks on STI, a capitalisation-weighted stock market index that tracks the performance of the top 30 companies listed on the Singapore Exchange (SGX).

See also: DBS, OCBC, UOB likely to record impairments owing to Hin Leong Trading bankruptcy: Phillip Securities, and Covid-19, oil price collapse to hit banks’ earnings as HSBC’s results show

This valuation table will be updated at noon on Monday each week.

Read all the STI watch articles here.

 

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