SIAS
2020-12-06 18:58:10
Vaccine hopes and Wall St’s record highs continue to provide support
The STI fell 16 points or 0.56% to 2,839.89;
Main support came from vaccine news and US all-time highs;
Moderna’s vaccine could be in Singapore this month;
Credit Bureau Asia was latest mainboard IPO;
SGX RegCo issued Trade with Caution on ISOTeam’s shares;
LMIRT’s shareholders grill managers on Indon mall purchase;
Sabana-ESR Reit merger scuppered
A soft week after a sterling November
The Straits Times Index in November gained 382 points or almost 16%, so it should come as no surprise that for the first week of December, it fell 16 points or 0.56% to 2,839.89.
Despite this fall however, the underlying sentiment remained firm, helped mainly by positive developments on the vaccine front that have given rise to hopes that economies will soon reopen after being closed for most of thi