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STI slides back into red territory as Covid-19 outbreak shows no signs of easing

Thiveyen Kathirrasan
Thiveyen Kathirrasan • 1 min read
STI slides back into red territory as Covid-19 outbreak shows no signs of easing
Following three weeks of market optimism, it seems the worst is not over for investors after all.
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SINGAPORE (Apr 27): Following three weeks of market optimism, it seems the worst is not over for investors after all.

The waning sentiment comes on the back of more reported Covid-19 cases, with Singapore now taking the lead in Southeast Asia for highest number of recorded Covid-19 infections.

See also: What lessons should Singapore learn from the Covid-19 crisis?

For the week of April 20 – 27, the benchmark Straits Times Index (STI) fell into the red again, despite the Singapore government’s efforts to help Singaporeans and local businesses tide through the circuit breaker, which was extended to end on June 1.

See also: STI flails as volume evaporates

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 at noon on Monday each week.

Read all the STI watch articles here.

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