Market Updates

Markets in consolidation mode

The 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...

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Keppel’s revised SPH offer, SIA & Singtel’s earnings provided main focus

The 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...

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Bank earnings, consecutive all-time highs on Wall St help STI gain 1.4%

The 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...

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Monthly wrap for October 2021: STI gained 4.8% but didn’t quite manage to hold on to 3,200

The 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...

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The STI rose 1% to regain 3,200

Wall 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...

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Travel and hospitality stocks in play as STI closes in on 3,200

The 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...

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The STI gained 2% to close above 3,100

Wall 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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Monthly wrap for September 2021: Stuck in a trading range

Wall St suffered from “The September Effect’’ with all its major indices weakening over the month The Straits Times Index was range-bound between 3,050-3,100 Singapore’s market cap was down 0.1% at S$845.5b SGX...

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China Evergrande fears, FOMC weigh on market

During the week, the Straits Times Index twice closed below 3,050 Over the five days the STI fell 10 points or 0.3% to 3.061.35 The main concern was contagion from China Evergrande’s collapse ...

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Joint effort by Temasek, MAS, EDB & SGX to boost stock market was main feature in otherwise nondescript week

The STI fell 27 points or 0.8% to 3,071.23 during the week Daily volume averaged S$1b but more than doubled on Friday Friday’s activity was lifted by news of joint government efforts to...

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