STI down slightly to 2,990.66, up 4.6% w-o-w

The Straits Times Index (STI) was down 0.08% or 2.53 points to 2,990.66 as at 1.59pm amid growing optimism in the US markets due to the announcement of a potential stimulus aid worth trillions of US dollars.

Week-on-week, the benchmark index grew 4.6% from the previous week’s (Jan 4) 2,858.90.

Of the 30 constituents, only three were in the red, led by City Developments Limited (CDL), which saw a 7.9% w-o-w drop.

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