Home Capital STI watch

STI up 1.14% on Biden win

Thiveyen Kathirrasan and Felicia Tan
Thiveyen Kathirrasan and Felicia Tan11/9/2020 12:35 PM GMT+08  • 1 min read
STI up 1.14% on Biden win
Week-on-week, the benchmark index rose 6.9% to 2611.68, reversing from its 3.3% w-o-w loss previously.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

The Straits Times Index (STI) was up 29.52 points or 1.14% at 2,608.2 at noon break today, as the market reacts to the win of Democratic candidate and former US vice president Joe Biden on Nov 8.


See: Joe Biden secures over 270 electoral votes; becomes US's 46th President

Week-on-week, the benchmark index rose 6.9% to 2611.68, reversing from its 3.3% loss amid the US presidential election and second wave of Covid-19 infections.

All 30 STI constituents, with the exception of Jardine Strategic Holdings, saw w-o-w gains, with DBS leading the charge at 11.1%.

Despite its reported 1HFY2020/2021 net loss announced on Nov 6, national carrier Singapore Airlines (SIA) gained 1.8% w-o-w.

See also: SIA reports 1H net loss of $3.47 bil on non-cash impairment and 'sharp drop' in passenger carriage

Read all the STI watch articles here.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.