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Investors remain optimistic as Singapore 'circuit breaker' kicks in

Thiveyen Kathirrasan
Thiveyen Kathirrasan • 2 min read
Investors remain optimistic as Singapore 'circuit breaker' kicks in
No sign of market jitters as Singapore enters an unprecedented month-long "circuit breaker" to curb the Covid-19 spread.
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SINGAPORE (Apr 7): The benchmark Straits Times Index (STI) climbed 1.41% on Tuesday morning, as investors brushed aside any jitters from the month-long "circuit breaker" that sees all non-essential business activities suspended until May 4.

The optimism comes as Singapore on Monday unveiled another slate of relief measures on top of the $55 billion already doled out to help Singapore weather the Covid-19 storm.

Deputy Prime Minister and Finance Minister Heng Swee Keat announced that another $5.1 billion will be injected in a "Solidarity Budget" to help Singaporeans and local businesses tide over what is expected to be a challenging month ahead.

See: Government injects additional $5.1 bil in Covid-19 relief measures as month-long circuit breaker kicks in

The closure of most workplaces and the curtailing non-essential activities is expected to throw a dampener on revenue figures for companies in Singapore.

See: 'Circuit breaker' no longer precautionary, but necessary as Covid-19 cases continue to surge

See also: Singapore to close most workplaces, schools in 'circuit breaker' to curb virus spread

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 STI, a capitalisation-weighted stock market index that tracks the performance of the top 30 companies listed on the Singapore Exchange (SGX).

This valuation table will be updated at noon each day.

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