Monthly wrap for March 2021: Stocks rise as investors bank on continued economic recovery, relief that US stimulus was finally approved
April 1, 2021The 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
March 29, 2021Slip 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
March 22, 2021US 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
March 15, 2021The 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...
Read MoreStocks remain firm despite rise in bond yields
March 8, 2021US Treasuries rose on Fed chief’s comments, sparked selloff in stocks; Markets stayed firm after a wobble, strong US jobs report helped Wall St recover; STI regained the 3,000 level when it...
Read MoreMonthly wrap for February 2021: Vaccine optimism vs rising bond yields
March 1, 2021The STI gained 1.6% for Feb at 2,949.04; Optimism came from vaccine news, pessimism from higher bond yields; Wall St’s all-time highs on Wed were erased by fears of rising rates; Wilmar...
Read MoreSecond liners continue to occupy market’s energies amidst rising rate concerns
February 22, 2021The STI fell 45 points or 1.5% to 2,880.64; Penny stocks enjoyed bulk of the volume; Wall St and other markets have their eyes on rising US bond yields; Singapore Government’s Budget...
Read MorePenny stock remained in play in quiet week for blue chips
February 15, 2021The STI gained 18 points to end a holiday-shortened week at 2,925.48; Absence of major news meant players turned to penny stocks; Average value per unit traded was around S$0.50; DBS reported...
Read MoreA flat week for the STI, penny stocks in play
February 8, 2021The STI gained 5 points or 0.17% at 2,907.11 over the week; Wall Street’s new highs due to weak economic data which raised stimulus hopes; Penny stocks in play, possibly as traders...
Read MoreMonthly wrap for January 2021: Bulls held sway in first half, bears in second
February 1, 2021The STI was up 2% for the month; All of the gains came in first two weeks when index rose 6%; Drag came from Wall Street’s second half selloff; US Fed chief...
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