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STI up 0.26% on slowdown in economic contraction in 2020

Thiveyen Kathirrasan and Felicia Tan
Thiveyen Kathirrasan and Felicia Tan1/4/2021 03:16 PM GMT+08  • 1 min read
STI up 0.26% on slowdown in economic contraction in 2020
Week-on-week, the STI climbed 0.39% from the previous week’s 2,840.14 points.
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The Straits Times Index was up 7.53 points or 0.26% to 2,851.34 as at 3.11pm on Jan 4, after the Ministry of Trade and Industry (MTI) said that Singapore’s GDP contraction slowed down to 3.8% y-o-y in 4Q2020.


See: Singapore's GDP contracted by 5.8% in 2020, says MTI's advance estimates

The republic’s GDP for 2020 stood at -5.8%, in line with MTI’s estimates given in early 2020.

Week-on-week, the STI climbed 0.39% from the previous week’s 2,840.14 points.

For more stories about where the money flows, click here for our Capital section

Gainers outpaced losers, with the Singapore Exchange (SGX) marking the highest gain among the 30 constituents at a 4.8% w-o-w increase.

Read all the STI watch articles here.

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