Market Updates

Trading winds down for the year

Recent consolidation continued last week; STI slipped 6 points or 0.2% to 2,842.04; US stocks hit new highs, shrug off Trump criticism of stimulus Bill; Europe in lockdown as new virus strain...

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The consolidation continued last week

The STI gained 27 points or 0.9% at 2,848.98 last week; Prices seem to be drifting after the rally in Nov and early Dec; Support continued to come from positive vaccine news; ...

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A week of “consolidation’’ supported by Wall St’s optimism and virus vaccine news

The STI lost 18 points or 0.6% over the week at 2,821.7; Support came from Wall St’s record high, stimulus hopes and vaccine news; Singapore’s economy should grow 4-6% in 2021: MTI; ...

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Vaccine hopes and Wall St’s record highs continue to provide support

The STI fell 16 points or 0.56% to 2,839.89; Main support came from vaccine news and US all-time highs; Moderna’s vaccine could be in Singapore this month; Credit Bureau Asia was latest...

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Monthly wrap for November 2020: The best month for the STI since May 2009

The STI rose 382 points or 15.8% in Nov to end at 2,805.95; Funds shifted from Technology and Healthcare to cyclical sectors; Pfizer and Moderna’s vaccine news provided main source of optimism; ...

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Virus hopes, Biden transition and Wall Street’s new highs helps lift sentiment

The STI continued its recent rise, gaining 1.5% at 2,855.82; Record highs on Wall Street helped boost sentiment; US stocks’ rise came after signs of smooth transition to Biden govt; Top Glove’s...

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New trade deal, vaccine news drove markets

The Straits Times Index gained 3.8% over the week at 2,813.01; Main drivers were a new trade deal and vaccine news; Wall Street dipped on Friday as Treasury and Fed disagree on...

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The virus, the vaccine and the victory

The STI’s surge continued in the wake of Joe Biden’s victory; Adding impetus was hopes of a vaccine soon for the virus; SIA issued new convertible bonds at 1.625% coupon; Best World...

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And the winner is…

The US Presidential elections was the main focus; Wall Street had its best election rally since 1932; The Straits Times Index surged 155 points or 6.4% to 2,578.68; Most analysts reckon a...

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Monthly wrap for October 2020: Waiting in vain for stimulus

The absence of a US stimulus deal was main focus for Oct; The STI lost 43 points or 1.7% over Oct at 2,423.84; US President Trump’s positive COVID-19 test played a small...

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