Market Update: Singapore shares start 2021 in the green at 2,858

The first day of 2021 trading ended in a win for Singapore's main index.

The Straits Times Index closed in positive territory at the start of 2021 trading, ending at 2,858.90, up by 15.09 points or 0.53%

The uptick followed the release of macro data that showed a slower than expected economic contraction in the last quarter of 2020.

Stock gainers outnumbered losers, 260 to 190, with about 1.7 billion securities worth S$992.78 million changing hands.

Among the top performers were CapitaLand Integrated Commercial Trust with a 1.39% or S$0.03 gain, SGX itself with a 4.53% or S$0.42 increase, and DBS which grew by S$0.03 or 1.20%.

On Wall Street, US stocks started the year with a bloodbath; the Dow Jones down by 382.59 points or 1.25% to 30,223.89.

The S&P 500 also dropped by 1.48% or 55.42 points to 3,700.65 level, while the NASDAQ Composite plunged to 12,698.45, down by 189.83 points or 1.47%.

Meanwhile, London's blue-chip FTSE 100 index also closed in the green, up by 1.72% or 111.36 points to 6,571.88. FTSE 250 also ended higher by 0.24% or 49.59 points at 20,537.89.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!