MARKETS & INVESTING | Tim Charlton, Singapore

Market Update: STI hits 3,000-point level after eight months

The Straits Times Index closed in the green reaching 3,000 level for the first time since March last year. The index went up by 22.49 points or 0.76% during yesterday's trading.

Positive initial data from the clinical trial of Johnson & Johnson's COVID-19 vaccine and the US stimulus package talks led the uptick of the local bourse.

Advancers outnumbering decliners, 276 to 203, with about 2.52-billion securities worth S$1.27-billion changing hands.

Some of the top gainers were City Developers with 3.71% or S$0.27 gain, UOL up by 2.46% or S$0.19, and DairyFarm which went higher by US$0.09 or 2.02%.

On Wall Street, US stocks were mixed as the House voted to impeach outgoing President Donald Trump for a historic second time.

The S&P 500 closed down 0.38% or 14.30 points at 3,795.54. The NASDAQ also lowered by 0.12% or 16.31 points to 13,112.64, while the Dow Jones Industrial had a downturn by 68.95 points or 0.22% to 30,991.52.

Meanwhile, London listed shares snapped their earlier losses as corporate earnings started to boost investor sentiment amid the rising cases of COVID-19 infection.

The FTSE 100 rose by 0.84% or 56.44 points at 6,801.96 while FTSE 250 ended higher by 0.77% or 159.44 points at 20,775.75.

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