Monthly Market Wrap: Turmoil, then recovery as STI first fell below 3,200 then closed at 3,442.93
September 2, 2024On Aug 5, worries of a US hard landing sent stocks plunging The Straits Times Index closed at a month-low of 3,198 on 6 Aug US futures market priced in a 50%...
Read MoreFading US recession fears and 100% chance of a Sept US rate cut lifts stocks
August 26, 2024The STI added 35 points or 1.04% to end at 3,387.99 US Fed chairman Powell’s testimony guaranteed a Sep rate cut Minutes of Fed’s July meeting also point to Sep rate cut,...
Read MoreFading US recession worries enabled STI, led by DBS, to recover 3,350 mark
August 19, 2024Robust US economic data helped push the STI up 2.8% to 3,352.89 DBS led the way with a 5.9% jump, OCBC, UOB and Singtel also contributed US indices posted their best weekly...
Read MoreUS recession worries sent STI below 3,300
August 12, 2024Wall Street’s volatility rocked global markets, sending STI 3.5% down Average daily volume spiked up to S$1.96b versus S$1.37 in previous week Unwinding of “carry trade’’ could mean more pressure: analysts Probability...
Read MoreFears of a US hard landing sent stocks plunging
August 5, 2024The STI lost the 3,400 level, down 45 points or 1.3% at 3,381.45 Main worry from Wall St is that the US economy may suffer a hard landing SIA’s shares took a...
Read MoreMonthly 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...
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