THE Straits Times Index ended Monday up 81.30 points or 3.4 per cent at 2,470.59 points.
This comes as the government on Monday unveiled an unprecedented S$5.1 billion Solidarity Budget to help cushion the impact of the “circuit breaker” distancing measures on the economy. The best performer among the index’s constituents was agribusiness firm Wilmar International, which gained 8.3 per cent or S$0.26 to S$3.40.
Among other stocks that recorded gains was CapitaLand, which rose S$0.12 or 4.6 per cent to S$2.74. The firm announced on Monday that it has reopened all its malls in China, which had been previously shut for the country’s coronavirus lockdown. Singapore banks, which were among the hardest hit stocks last Friday on the back of rate slashes, also recorded gains. DBS edged up S$0.48 or 2.7 per cent to S$18.40; UOB rose S$0.68 or 3.6 per cent to S$19.48, while OCBC gained S$0.33 or 3.9 per cent to S$8.71.