
SIAS
2021-01-17 20:11:55
The STI regained the 3,000 mark on US stimulus hopes
Markets took their cue from a firm Wall St;
Sentiment in US was upbeat despite political upheaval;
Main hope was that Biden administration would announce stimulus;
US President-elect Biden duly announced plans for a US$1.9tr package;
China’s exports beat forecasts, trade surplus with US widened;
SIA issued US$500m in bonds;
17 parties have signed NDAs to possibly invest in Hyflux;
Quarz said S$1.55 per share offer for Sunningdale is too low;
SGX queried iFast for fourth time in six months.
US stimulus hopes continued to underpin market’s strength
The local stock market last week continued to benefit from Wall Street’s strength that has over the past two months been derived from hopes of a large stimulus bill to tackle the economic challenges posed by the COVOD-19 pandemic.