Market Updates

STI posted its best week of the year, up 3.06% despite weak economic data

Pent-up demand after Lunar New Year sent the STI up 3.06% Also helping was a firm Wall St which shook off recession worries Singapore’s Dec manufacturing output shrank 3.1% Probability of a 25-basis...

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Ahead of Lunar New Year, the STI ends the week flat

The STI fell 0.04 of a point to 3,293.71, average daily volume was S$1.01b Wall St came under pressure after hawkish Fed comments; support came from tech stocks SATS shareholders voted in favour...

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Benign US inflation data helped fuel STI’s continued rise

The STI managed a second week of gains in 2023, up 0.5% at 3,293.75 Helping fuel the rise was benign US inflation data Wall St rose, with Nasdaq up six days in a...

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STI rose 0.76% in first week of 2023

The STI kicked off the year with a 0.76% rise in the first week The gain came despite hawkish Fed minutes Wall St plunged on Thursday but rallied on Friday after Dec jobs...

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Monthly wrap for December 2022: A 1.18% loss for the STI – but still a gain of 4.09% for the year

December’s main focus was the US FOMC which yielded a 50-pts rate hike The accompanying statement was not dovish, so stocks came under pressure The STI fell 1.18% for the month, but still...

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No Santa Claus rally in sight yet

The Straits Times Index gained 17 points or 0.5% at 3,257.70 Daily trading volume was low, averaging S$735m No year-end or “Santa Claus’’ rally in sight yet Wall Street provided no direction, economic...

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Markets unable to shake Fed dread

All eyes were on the FOMC meeting at which a 50-points rate hike was widely expected The Fed delivered the 50 points but there was no dovish shift Fed’s “dot plot’’ shows higher...

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Stocks dip ahead of FOMC

The Straits Times Index fell 14 points or 0.43% to 3,245.97 Wall St stocks also fell ahead of the 14 Dec FOMC In the US, good news for the economy is bad news...

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Powell’s comments help lift stocks

The STI and volume benefited from month-end “portfolio rebalancing’’ with the index rising 0.4% to 3,259.14 Comments by Us Fed chair Jerome Powell helped ease interest rate worries Probability that Dec’s rate hike...

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Monthly wrap for November 2022: The STI rose 6.4% in November, driven by earnings and hopes of a slowdown in US rate hikes

Good earnings and hopes of a slowdown in rate hikes helped the STI rise 197 points or 6.4% to 3,290.49 Singapore’s market cap rose 5% in Nov to S$830.5b The STI’s market cap...

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