Said Mr Innes:"There is a gap to be bridged between now and when experts expect herd immunity - in the middle of Q2 at the earliest.
"Recent experience has shown that mini lockdowns or circuit breakers do not achieve lasting control of spike cases. It is becoming increasingly likely that we will see extended and severe lockdowns for the majority of Q1."Genting Singapore added 4.1 per cent or 3.5 Singapore cents to finish the day at S$0.89.
The trio of lenders were also among the top gainers. DBS added 0.4 per cent or S$0.10 to S$25.56; UOB gained 0.4 per cent or S$0.10 to S$22.99, while OCBC rose 1.2 per cent or S$0.12 to S$10.23. On the other hand, Jardine Strategic Holdings and Jardine Matheson Holdings were the biggest losers, reversing their gains on Tuesday. The former lost 3.3 per cent or US$0.87 to US$25.57, while the latter shed one per cent or US$0.54 to US$56.06.
Across the region, markets mostly finished the day in positive territory. The KLCI advanced 0.4 per cent; the Jakarta Composite Index gained 1.8 per cent, and the Hang Seng Index rose 1 per cent. The SSE Composite Index, however, fell by a marginal 0.01 per cent.For daily updates on weekdays and specially selected content for the weekend. Subscribe to