The Straits Times Index was up 7.53 points or 0.26% to 2,851.34 as at 3.11pm on Jan 4, after the Ministry of Trade and Industry (MTI) said that Singapore’s GDP contraction slowed down to 3.8% y-o-y in 4Q2020.
See: Singapore's GDP contracted by 5.8% in 2020, says MTI's advance estimates
The republic’s GDP for 2020 stood at -5.8%, in line with MTI’s estimates given in early 2020.
Week-on-week, the STI climbed 0.39% from the previous week’s 2,840.14 points.
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Gainers outpaced losers, with the Singapore Exchange (SGX) marking the highest gain among the 30 constituents at a 4.8% w-o-w increase.
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