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STI erases Covid-19 losses as reopening theme and value stocks take hold

Bloomberg
Bloomberg1/20/2022 12:11 AM GMT+08  • 2 min read
STI erases Covid-19 losses as reopening theme and value stocks take hold
The cyclicals-heavy Straits Times Index has been hovering close to its January 2020 high of 3,281.03 since Friday.
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Singapore’s equity benchmark has erased losses accrued during the pandemic thanks to the nation’s policy of living with the virus and a global rotation toward value stocks.

The cyclicals-heavy Straits Times Index has been hovering close to its January 2020 high of 3,281.03 since Friday. The gauge has risen 5% this year with lenders such as United Overseas Bank Ltd. and restructured firms such as Sembcorp Industries Ltd. among the leading gainers over that period.

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