Market Updates

Virus resurgence and Wall St’s strength make for a week of two halves

The STI lost 18 points or 0.5% at 3,200.26 in a week of two halves; The first half was marked by selling after virus resurgence worries; The second half saw a rebound...

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Monthly wrap for April 2021: Slow and steady

The STI gained 53 points or 1.7% at 3,218.27 during the month; The main reason was rising optimism of an economic recovery; and an accommodative US Fed; A firm Wall St provided...

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The STI lost its grip on 3,200 but sentiment remained positive

Wall Street’s movements continued to set the direction; US market wobbled on Thursday after news of Biden’s tax plan but recovered on Friday after positive economic news; Bitcoin and other cryptocurrencies collapsed...

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Expectations of recovery from COVID-19 continued to drive stocks

STI rose 17 points on Friday to close at 3,201.76; All the index’s weekly gain came on Friday; Record highs on Wall St provided main external backdrop; US market was supported by...

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Market remained supported by firm Wall St sentiment

The STI added just 3 points over the week at 3,184.54; Positive Wall St sessions provided the main support; US sentiment remained firm thanks to assurances from the Fed; US trading volume...

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Sentiment remained firm on recovery expectations

Recovery hopes continued to underpin buying of stocks; STI gained 0.7% at 3,181.68; On Wall St, the S&P 500 ended the week above 4,000 for the first time; US Treasury yields remained...

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Monthly wrap for March 2021: Stocks rise as investors bank on continued economic recovery, relief that US stimulus was finally approved

The STI gained 7.3% in March, 11.3% for first quarter; Investors banked on an economic recovery gaining pace; US President Joe Biden’s US$1.9 trillion package played a big part; Equally important was...

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Treasury yields slip, stocks rise as investors continue to bank on COVID recovery theme

Slip in US Treasury yields and official comments underpin market’s strength; STI gained 23 points or 0.7% over the week at 3,157.95; Index is on course for its best 1Q gain since...

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A dovish Fed helped markets stay firm

US Fed pledged to keep rates low and not taper its bond purchase; US economy on track for 6.5% growth this year, said Fed; STI rose 34 points or 1.3% to 3,134.54...

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US stimulus enables STI to cross 3,100, markets shrugged off rising bond yields – for now

The STI rose 82 points or 2.7% to 3,095.22; On Thursday, the index closed at 3,106; The main driver was the US’s US$1.9 trillion stimulus; Wall St continued to rise to new...

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