Market Updates

Russia’s invasion of Ukraine sparked major selloff

The Straits Times Index lost 134 points or 3.9% at 3,294.47 Russia’s invasion of Ukraine brought the sellers out in force Concerns surround the impact on commodity prices, inflation and growth DBS, UOB...

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STI flat for the week, resilient in the face of rising Ukraine worries, Wall St selloff

The Straits Times Index was flat over the five days at 3,428.90 Support was mainly for banks after DBS and UOB reported solid earnings Analysts revised Singtel target prices upwards Singapore’s Budget announced...

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How long can banks support the STI in the face of rising interest rates and geopolitical risk?

Large gains in banks pushed the STI up 2.9% to 3,428.95 Wall St came under pressure from two fronts – inflation and Ukraine war concerns US bond yields initially spiked up, then dropped...

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Wall St rebound helps STI rise to 30-month high

In the US, earnings took over as the main driver All Wall St’s major indices registered gains for the week Banks led by UOB helped STI rise 2.5% to 30-week high of 3,331.41 ...

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Monthly wrap for January 2022: “As goes January, so goes the year”?

The STI gained 126 points or 4% in January at 3,249.59 The rise came despite Wall St’s nervousness and correction US investors worried about number of rate hikes in 2022 DBS and UOB...

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Inflation, interest rates and the Fed

The STI lost 48 points or 1.45% at 3,246.33 Main concerns were US Fed tightening in face of rising inflation Question is how many rate hikes there will be – 3 or 4? ...

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Banks help keep the STI afloat as Wall St tumbled

UOB took over from DBS as main bank play The STI added 13 points or 0.4% at 3,294.86 despite sliding Wall St SPACS Vertex Tech and Pegasus Asia debuted on Thurs and Fri...

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Banks continue to send STI higher

The Straits Times Index rose every day, adding 76 points or 2.4% at 3,281.97 The main push on the index came from the three banks Also helping was a relatively firm Wall St...

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Banks push STI 2.6% higher, above 3,200

A firm Wall St helped STI add 2.6% at 3,205.26 Singapore’s 2021 growth was highest since 2010 MCT fell and MNACT rose after their merger announcement Share buybacks in 2021 crossed S$1b FOMC...

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Monthly wrap for December 2021: A firm month to round off a firm year

The Straits Times Index rose 2.7% to end the year at 3,123.68 For 2021 the STI rose 9.8% making it one of region’s best performers Wall Street enjoyed one of its best years...

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