Market Update: STI extends gains, up 0.3%

The Straits Times Index extended its gains as it closed up 0.3% or 9.53 points to end at 3,214.43 on Tuesday.

The top performer for the day was Singapore Airlines with 3.31% or $5.30 in gains, amidst announcements of flight schedules for the Singapore-Hong Kong air travel bubble. This was followed by SATS which rose by 1.95% or $4.18, and Sembcorp Industries which went up 1.88% or $2.17.

About 1.90-billion securities worth $1.23b changed hands, with stock advancers outnumbering decliners, 245 to 223.

Other Asian stocks traded mixed as the resurgence of COVID-19 cases and the US Federal Reserve policy meeting kept investors on edge.

Meanwhile, Wall Street benchmark indexes end mostly flat as investors await a batch of earnings from tech heavyweights.

S&P 500 decreased 0.02% or 0.90 points to end at 4,186.72, whilst NASDAQ edged down 0.34% or 48.56 points to end at 14,090.22. On the other hand, the Dow Jones Industrial inched up 0.01% or 3.36 points to close at 33,984.93.

London stocks closed the day in red, as investors monitor the COVID-19 crisis in India and amidst earnings season.

FTSE 100 fell 0.26% or 18.15 points to end at 6,944.97 despite the rise in bank shares, whilst the FTSE 250 slipped 0.64% or 144.26 points to close at 22,433.08.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia