The Straits Times Index (STI) was down 3.28 points or 0.12% to 2,836.61 as at 12.27pm on Dec 7, after it rose 0.2% as at 9.01am.

Week-on-week, the STI gained 1.1% from 2,805.95.

The buoyant outlook comes after the Monetary Authority of Singapore (MAS) awarded four digital bank licenses on Dec 4.

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