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STI up 15.23 points on optimism for upcoming Q3 earnings results

Ascendas Reit and Mapletree units among top performers; strong trade data from China raises investor hopes.

Published Tue, Oct 13, 2020 · 09:50 PM
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THE benchmark Straits Times Index (STI) on Tuesday climbed 0.6 per cent or 15.23 points to close at 2,567.65, extending Monday's gains.

This comes ahead of the third-quarter results season. DBS Group Research analysts Yeo Kee Yan and Janice Chua said in a report on Oct 13 that "the worst of the earnings cuts has passed".

Ascendas Reit (A-Reit) was the best performer among the STI constituents, rising 3.44 per cent or S$0.11 to close at S$3.31.

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Straits Times Index

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