STI up 1.6%, in line with Asian market performance after Trump's announcement

Sembcorp Industries also emerged among the top 10 best performing stocks of the day, gaining 3.7 per cent or S$0.05 to S$1.41.

DBS Group Research has upgraded SCI to “buy” from “hold” with an unchanged target price of S$1.70. The sell-off in SCI shares was likely due to the company’s recent removal from the MSCI Index, pushing SCI’s valuation to an “unwarranted low”, according to the the research team. At the bottom of the STI’s table was Mapletree Logistics Trust, which saw a decline of 2.0 per cent to S$2.01.

Advancers outnumbered decliners 322 to 161 for the day with 2.18 billion shares worth S$2.11 billion changing hands.DBS Group Research has upgraded ComfortDelGro to “buy” with a raised target price of S$1.68 from S$1.50 previously on the back of the opportunity to accumulate the stock on weakness from the transport giant’s removal from the MSCI Singapore index on May 29.For daily updates on weekdays and specially selected content for the weekend.

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