SINGAPORE (Apr 7): The benchmark Straits Times Index (STI) climbed 1.41% on Tuesday morning, as investors brushed aside any jitters from the month-long "circuit breaker" that sees all non-essential business activities suspended until May 4.
The optimism comes as Singapore on Monday unveiled another slate of relief measures on top of the $55 billion already doled out to help Singapore weather the Covid-19 storm.
Deputy Prime Minister and Finance Minister Heng Swee Keat announced that another $5.1 billion will be injected in a "Solidarity Budget" to help Singaporeans and local businesses tide over what is expected to be a challenging month ahead.
See: Government injects additional $5.1 bil in Covid-19 relief measures as month-long circuit breaker kicks in
The closure of most workplaces and the curtailing non-essential activities is expected to throw a dampener on revenue figures for companies in Singapore.
See: 'Circuit breaker' no longer precautionary, but necessary as Covid-19 cases continue to surge
See also: Singapore to close most workplaces, schools in 'circuit breaker' to curb virus spread
Amid the uncertainty stemming from Covid-19 as well as other geopolitical events such as the Saudi-led oil price war which saw the collapse of oil prices on March 9, The Edge Singapore is keeping track of the component stocks on STI, a capitalisation-weighted stock market index that tracks the performance of the top 30 companies listed on the Singapore Exchange (SGX).
This valuation table will be updated at noon each day.
