Market Updates

Banks help keep the STI afloat as Wall St tumbled

UOB took over from DBS as main bank play The STI added 13 points or 0.4% at 3,294.86 despite sliding Wall St SPACS Vertex Tech and Pegasus Asia debuted on Thurs and Fri...

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Banks continue to send STI higher

The Straits Times Index rose every day, adding 76 points or 2.4% at 3,281.97 The main push on the index came from the three banks Also helping was a relatively firm Wall St...

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Banks push STI 2.6% higher, above 3,200

A firm Wall St helped STI add 2.6% at 3,205.26 Singapore’s 2021 growth was highest since 2010 MCT fell and MNACT rose after their merger announcement Share buybacks in 2021 crossed S$1b FOMC...

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Monthly wrap for December 2021: A firm month to round off a firm year

The Straits Times Index rose 2.7% to end the year at 3,123.68 For 2021 the STI rose 9.8% making it one of region’s best performers Wall Street enjoyed one of its best years...

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Positive Omicron developments help markets rebound

Markets rebounded after initial selloff on positive Omicron news Wall St ended the week with the S&P 500 at an all-time high The STI dropped 39 points on Monday but recovered 36 from...

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Central banks in focus in soft week

The Straits Times Index lost 31 points or 1% at 3,111.63 The US Fed said it would wind up its bond buying by March and possibly raise rates three times next year Bank...

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STI gained 1.1% but in low volume as Omicron fears receded

Signs that Omicron may not be that virulent helped push the STI up Wall St hit a new all-time high on Friday despite strong inflation data Volume here was weak, averaging just over...

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Omicron upset global markets

A volatile week ended with the STI down 65 points or 2% at 3,101.02 Emergence of new Omicron virus variant was main culprit Banks were main index drivers Average daily turnover doubled to...

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Monthly wrap for November 2021: Omicron derails STI’s bid for higher ground

The STI lost 157 points or about 5% at 3,041.29 for the month In early Nov, the outlook was positive as the index crossed 3,200 Most of the selling came in final 3...

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New virus variant sends market reeling

Sudden news of South African virus variant cut 2% off the STI at 3,166.27 Biggest selling came on Friday when index tumbled 1.7% Wall St also took a hit, major indices down 2.3-2.5%...

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