
SIAS
2020-12-13 19:04:32
A week of “consolidation’’ supported by Wall St’s optimism and virus vaccine news
The STI lost 18 points or 0.6% over the week at 2,821.7;
Support came from Wall St’s record high, stimulus hopes and vaccine news;
Singapore’s economy should grow 4-6% in 2021: MTI;
More on the opposition bid to LMIRT’s purchase of Lippo Mall Puri;
Cathay and Golden Village cinemas to merge;
SGX RegCo warned of “pump and dump’’ using social media;
Best World provided an update on China selling model;
Are pharma stocks the best buy now?
Wall St’s optimism, vaccine news and US stimulus hopes provide support
Over in the US, the Dow Jones Industrial Average last week crossed the 30,000 mark again last week, giving a psychological boost to markets everywhere. Underpinning the strength in the US market were the same forces that have been in play for much of the past month, namel