Singapore stocks: STI resumes Tuesday afternoon up 0.7% on day

SINGAPORE equities resumed trading on Tuesday afternoon building on its early gains, with the Straits Times Index advancing 23.27 points or 0.7 per cent to 3,165.47 as at 1.03pm.

The local market is on track for another"turnaround Tuesday" as investors turned to bargain buying after the STI's 1.2 per cent slide on Monday. That said, uncertainty surrounding the novel coronavirus outbreak remains, especially after cases in South Korea ballooned in the past week along with the emergence of a cluster in Italy.

Shortly after the afternoon session began, volume traded on the Singapore bourse clocked in at 808.1 million securities with a total turnover of S$646.3 million. Both volume and turnover are on track to beat their respective 2019 intraday averages. Across the market, advancers outpaced decliners 194 to 162. The bluechip index had two of the 30 counters trading in the red.

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