
SIAS
2021-12-12 16:38:07
STI gained 1.1% but in low volume as Omicron fears receded
Signs that Omicron may not be that virulent helped push the STI up
Wall St hit a new all-time high on Friday despite strong inflation data
Volume here was weak, averaging just over S$1b daily
Traders also watching China Evergrande after Fitch report
Travel, aviation, hospitality and healthcare stocks were in play
DBS: “reopening stocks’’ may be close to their bottom
Keppel shareholders vote in favour of SPH acquisition
As Omicron fears fade, stocks recovered
The Straits Times Index rose 34 points or about 1.1% to 3,135.61 last week, helped by a firm Wall Street that rebounded strongly on early indications that the Omicron variant of Covid-19 may be less deadly or dangerous than first thought.
On Friday, the S&P 500 closed at a new all-time high of 4,712 despite the release of