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...
Read MoreMonthly 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...
Read MoreThe 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...
Read MoreExpectations 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...
Read MoreMarket 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...
Read MoreSentiment 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...
Read MoreMonthly 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...
Read MoreTreasury 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...
Read MoreA 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...
Read MoreUS 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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