See: Decline in Singapore's economy comes in better than expected at -5.8% in 3Q2020
Week-on-week, the index was up 3.09% from 2,748 on Nov 16.
MTI says it also expects the economy to grow between 4% to 6% in 2021.
The climb follows weeks of investor optimism on hopes that a Covid-19 vaccine may be released soon.
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See also: Pfizer, BioNTech plan filing as vaccine proves 95% effective and Moderna says Covid-19 vaccine is 94.5% effective in a preliminary analysis
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