The Straits Times Index (STI) gained 1.2% to 2,547.77 as at noon on Oct 12 from 2,517.23 previously.
The higher numbers tracked Wall Street gains after US President Donald Trump proposed a US$1.8 trillion ($2.44 trillion) stimulus proposal – the highest from the Trump administration so far – on Oct 9.
This week, gainers outpaced losers with Venture Corporation leading the charge at a 4.7% w-o-w gain.
Shares in Jiutian Chemical, Sembcorp Marine, Kimly, Medtecs International and Aspen rounded up the top five most-traded counters, with 1.72%, 7.55%, 7.38% and 4.65% increases respectively.
The positive outlook also comes on the back of discussions over plans to reopen international travel with Australia.
Furthermore, Singapore announced today, that it will establish a reciprocal green lane for travel with Indonesia.
Previously, the republic launched similar arrangements with other countries such as Brunei, China, Japan, Malaysia, and South Korea.
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