Omicron upset global markets
December 6, 2021A volatile week ended with the STI down 65 points or 2% at 3,101.02 Emergence of new Omicron virus variant was main culprit Banks were main index drivers Average daily turnover doubled to...
Read MoreMonthly wrap for November 2021: Omicron derails STI’s bid for higher ground
December 1, 2021The STI lost 157 points or about 5% at 3,041.29 for the month In early Nov, the outlook was positive as the index crossed 3,200 Most of the selling came in final 3...
Read MoreNew virus variant sends market reeling
November 29, 2021Sudden news of South African virus variant cut 2% off the STI at 3,166.27 Biggest selling came on Friday when index tumbled 1.7% Wall St also took a hit, major indices down 2.3-2.5%...
Read MoreMarkets in consolidation mode
November 22, 2021The Straits Times Index gained 4 points at 3,232.34 Volume remained mediocre but sentiment was firm Support came from Wall St and more signs of economic recovery The takeover tussle for SPH continued...
Read MoreKeppel’s revised SPH offer, SIA & Singtel’s earnings provided main focus
November 15, 2021The STI fell 14 points or 0.4% at 3,228.45 Local corporate action took centerstage Biden’s infrastructure Bill failed to have much impact STI’s 2021 YTD return is 18%: SGX’s My Gateway Keppel revised...
Read MoreBank earnings, consecutive all-time highs on Wall St help STI gain 1.4%
November 8, 2021The STI added 44 points or 1.4% at 3,242.34 Gains were usually not broad-based, liquidity remained thin Wall St’s push to fresh all-time highs provided external impetus DBS, UOB and OCBC’s better-than-expected earnings...
Read MoreMonthly wrap for October 2021: STI gained 4.8% but didn’t quite manage to hold on to 3,200
November 1, 2021The STI rose 147 points or 4.8% to 3,198.17 Its closing high for the month was 3,218 on Wed last week Volume remained mediocre, averaging just above S$1b daily Banks were the main...
Read MoreThe STI rose 1% to regain 3,200
October 25, 2021Wall St’s all-time highs helped push the STI above 3,200 Investors in the US focused mainly on earnings, shrugging off rise in bond yields Volume in local market was low, gains not widespread...
Read MoreTravel and hospitality stocks in play as STI closes in on 3,200
October 18, 2021The Straits Times Index gained 2% last week at 3,173.91 Travel and hospitality stocks in play as new travel lanes announced Early Wall St jitters because of oil spike were replaced by optimism...
Read MoreThe STI gained 2% to close above 3,100
October 11, 2021Wall St’s rebound helped the STI add 61 points at 3,112.81 US market’s strength came initially from fall in bond yields, US debt ceiling deal Friday’s disappointing US jobs report led to dip...
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