SINGAPORE (Apr 13): Investor confidence surged last week, even as Singapore’s kick off a month-long “circuit breaker” period to curb the spread of the coronavirus on April 7.
While businesses are expected to be hit hard by the suspension of all non-essential activities and orders for all residents to stay at home unless necessary, sentiments were lifted by a $5.1 billion Solidarity Budget announced a day before the circuit breaker kicked in.
On April 6, Deputy Prime Minister and Finance Minister Heng Swee Keat announced a third Covid-19 relief package to help Singaporeans and local businesses tide over what is expected to be a challenging month ahead.
This brings the total relief measures to mitigate the impact of the Covid-19 pandemic to a staggering $59.9 billion.
For the week of April 6-13, the benchmark Straits Times Index (STI) bounced back to a field of green.
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 on Monday each week.
