Monthly Market Wrap: Banks, Singtel, SATS, Yanzijiang help STI rise 3.7% for July to 3,455.94
August 1, 2024The STI regained the 3,400 level and came close to 3,500 in July Banks, Singtel, Yangzijiang and SATS helped index add 3.7% In the US, The Dow surged 4.4%, the S&P rose...
Read MoreMid-week US tech selloff dragged STI down 0.6% for the week
July 29, 2024Nasdaq on Wed suffered its worst one-day plunge since Oct 2022 Resultant pressure here on Thursday meant the STI fell 0.6% for the week Investors in US said to be rotating out...
Read More3,500 tested but not breached – yet
July 22, 2024The Straits Times Index peaked at 3,509 but failed to hold on to 3,500 Weakness on Wall Street meant the STI lost 1.4% at 3,447.56 S$400m on institutional inflows in first 2...
Read MoreNow for 3,500
July 15, 2024The Straits Times Index gained 87 points or 2.5% at 3,497.78 Powell’s testimony and CPI figures gives hope of Sep interest rate cut Probability of Sep cut now 93% OCBC’s 93.52% falls...
Read MoreA push on the banks to all-time highs enables STI to surge past 3,400
July 8, 2024Banks 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...
Read MoreMonthly Market Wrap: Flirting with 3,300
July 1, 2024The 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...
Read MoreA week of waiting and seeing as the STI traded within a tight range
June 24, 2024The 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...
Read MoreAfter 23 trading days, the STI lost its grip on the 3,300 level
June 18, 2024As 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...
Read MoreSecond liners in focus as the STI treads water
June 10, 2024With 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...
Read MoreMonthly Market Wrap: Rising above 3,300 – and staying there
June 3, 2024The 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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