STI builds on strong start to the week to rise 4.1% to 2,571.89

SINGAPORE'S Straits Times Index (STI) built on its positive start to the week, finishing 101.30 points or 4.1 per cent higher at 2,571.89 on Tuesday with all 30 of its components tallying gains. On a points basis, the session saw the STI's third largest one-day gain in the past five years.

Across the market, advancers trumped decliners 386 to 84, with 1.78 billion securities valued at S$1.98 billion traded.

Market sentiment continues to improve on signs the Covid-19 spread in the West is slowing, and hopes are growing that major oil producers Saudi Arabia and Russia will agree to an output cut by week's end.