
SIAS
2020-11-15 17:45:13
The virus, the vaccine and the victory
The STI’s surge continued in the wake of Joe Biden’s victory;
Adding impetus was hopes of a vaccine soon for the virus;
SIA issued new convertible bonds at 1.625% coupon;
Best World submitted trading resumption proposal;
Aspen in play (again) after placement announcement;
Hyflux supported SGI’s rescue deal;
IPO managers and sponsors to be held to higher standards.
Victory for Democrat Joe Biden was the first driver
The US election victory by Democrat candidate Joe Biden was one driver of stock prices last week, on hopes that the President-elect would be able to deliver a stimulus package that was larger than previously negotiated or reported.
The second and perhaps more important driver were rising hopes of a vaccine to battle the COVID-19 virus that has brought the global economy