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STI plunges back into the red following second wave of Covid-19 infections and Wall Street selloff

Thiveyen Kathirrasan & Felicia Tan
Thiveyen Kathirrasan & Felicia Tan • 1 min read
STI plunges back into the red following second wave of Covid-19 infections and Wall Street selloff
The Straits Times Index (STI) plunged 6.4% week-on-week to 2618.67 on Monday evening, from 2796.97.
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SINGAPORE (June 15): The Straits Times Index (STI) plunged 6.4% week-on-week to 2618.67 on Monday evening, from 2796.97.

The loss erased last week’s gains on the selloff on Wall Street last Friday (June 12) following a second wave of infections in the US.


See: US stocks tumble most in 12 weeks, S&P 500 posts worst loss since March, and Pullback in US stocks could be opportunity to add 'structural long-term winners', say Bank of Singapore analysts

Notably, of the 30 constituents, only Sembcorp Industries gained (26.1%) after the company announced its demerger with Sembcorp Marine last Monday (June 8).


See: Sembcorp Marine to raise $2.1 billion via rights issue; parent Sembcorp Industries to distribute stake in-specie to shareholders, and our cover story on the demerger in this week's issue.

Amid the uncertainty stemming from Covid-19, 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 every Monday.

Read all the STI watch articles here.

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