The STI reached an intra-day high of 3,688.19 points in the first five minutes of trading, before declining to 3,605.01 points at 9.10am.
All 30 component stocks opened higher on April 10, with DBS leading the charge by gaining some 11% to return above the $40 level. Yangzijiang Shipbuilding, which was one of the worst-hit counters this week, also recovered more than 10%.
The STI closed at 3,393.69 points on April 9, declining for the fourth consecutive session.
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The STI, which crossed 4,000 points for the first time on March 28, erased seven months’ worth of gains earlier this week, falling to levels last seen in September 2024.
At the 3,600 level, the STI is currently trading around levels last seen in November 2024.
