Bloomberg reported on Friday that the cost of air tickets between the two cities jumped within 24 hours of the news. The cheapest price for an SIA return economy seat to Hong Kong was S$558 on Friday morning till the end of December, up from S$400 on Thursday afternoon when the news was announced, the airline's website showed.
However, JPMorgan analyst Raisah Rasid said in a note on Friday that"the path of recovery in the services-producing sector, particularly in the context of the resumption of international travel and related services, which remains highly dependent on the path of Covid-19, bears watching". In its last day of trading, units of CapitaLand Commercial Trust gained 0.61 per cent or S$0.01 to close at S$1.65.
The Singapore Exchange said on Thursday that effective Oct 19, CCT will be deleted from the STI in preparation for its merger with CapitaLand Mall Trust, while Keppel DC Reit, the largest stock on the STI Reserve as at Oct 14, is scheduled to join the STI. Advancers outnumbered decliners 246 to 177 for the day, with 1.07 billion securities worth S$1.22 billion changing hands.The Hang Seng Index gained 0.94 per cent or 228.25 points to close at 24,386.79, while the Shanghai Composite Index inched up 0.13 per cent or 4.18 points to close at 3,336.36.BT is now on Telegram!
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