Market Updates

A push on the banks to all-time highs enables STI to surge past 3,400

Banks propel STI above 3,400 for first time in about 2 years Brokers positive on the banks Banks now make up 45% of the STI: report Yoma’s shares surge...

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Monthly Market Wrap: Flirting with 3,300

The STI traded around the 3,300 mark for most of the month Final net loss for June was about 4 points or about 0.11% at 3,332.80 Of the STI second liners SATS...

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A week of waiting and seeing as the STI traded within a tight range

The Straits Times Index regained the 3,300 level but only just The market appeared to be stuck in “wait-and-see’’ mode, taking its cue from the US Fed officials also appeared to prefer...

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After 23 trading days, the STI lost its grip on the 3,300 level

As expected, the US Fed kept interest rates unchanged The Fed’s dot plot shows officials expect only one rate cut this year Fed chair Powell stated no intention to raise rates Market...

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Second liners in focus as the STI treads water

With the STI slipping 6 points or 0.18%, attention turned to second line Jardine Cycle & Carriage and Sats were second line index stocks in play Over in the US, a strong...

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Monthly Market Wrap: Rising above 3,300 – and staying there

The STI gained 1.3%, crossing 3,300 and stayed above it for eleven trading days – so far Five stocks dropped by MSCI saw heavy selling, especially on 31 May US inflation data...

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The STI ended just 3 points higher at 3,316.56

Trading was cautious with lower average daily volume Wall St took a dive on Thursday after hotter-than-expected PMI numbers Hawkish Fed minutes also brought the sellers out Probability of Sep rate cut...

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The STI closed above 3,300 whilst the Dow closed above 40,000 for the first time

The STI held on to the 3.300 mark for two days, rising 0.7% to 3,313.48 On Wall St, a benign April CPI reading helped push the Dow above 40,000 and the S&P...

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The STI managed to cross 3,300 on Tuesday but fell below despite strong Wall Street

US stocks rose after jobless claims indicated a cooler economy Despite Wall ST’s strength, the STI closed flat for the week at 3,290.70 All three banks closed lower for the week UOB...

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STI managed to cross 3,300 twice – thanks to “higher for longer” interest rates

The STI gained 0.36% at 3,292.93 after crossing 3,300 twice during the week Latest US FOMC lived up to expectations – rates to stay unchanged “Goldilocks’’ US jobs report lifted Wall St’s...

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