STI added 0.3% with trading driven by banks’ results, Keppel, SPH privatisation and US economy’s health
August 10, 2021Keppel’s S$3.4b offer to privatise SPH was main local development; Banks reported solid earnings, restored dividends; Sembcorp Industries in the black for 1H but is cautious about 2H; Concerns over spread of Delta...
Read MoreMonthly wrap for July 2021: Recovery versus Regression
August 2, 2021The STI gained 36 points or 1.15% in July at 3,166.94; New domestic curbs caused worry that economic recovery could be affected; Wall St continued to set new records despite growth concerns; US...
Read MoreA week of two halves as STI tracks Wall St, local virus developments
July 26, 2021The Straits Times Index first fell, then rebounded to record a net gain of 5 points at 3,157.05 last week; Rising virus numbers led to the fall, Wall St’s gains helped the rebound; ...
Read MoreUS inflation and virus surge versus upgraded domestic growth forecasts
July 19, 2021The STI added 21 points or 0.7% at 3,152.30; On one hand, US inflation and growth concerns capped gains; On the other hand, there was positive domestic economic news; US Fed chief Jerome...
Read MoreA volatile week but the STI managed a 3-pt gain
July 12, 2021China’s attack on its US-listed companies drove early selling; Economic concerns prompted US bond rally – until Friday; STI recorded large daily swings with net 3 points gain at 3,131.40; US 10-year Treasury...
Read MoreA slow start to the second half
July 5, 2021The Straits Times Index rose 7 points last week to 3,128.95; The S&P 500 chalked up 7 consecutive all-time highs; Market cap of SGX stocks was S$$859b at end of June; US jobs...
Read MoreMonthly wrap for June 2021: A slow but steady recovery for the first half
July 1, 2021The STI gained 287 points or 10.1% in 1H at 3,130.46; The STI lost 34 points or 1.07% in June; Main forces were economic recovery versus virus resurgence and US inflation; Wall St...
Read MoreWall St’s all-time highs fail to lift STI
June 28, 2021US market cheered US$1.2 trillion infrastructure package STI fell 23 points or 0.7% to 3,121.60 despite Wall St’s records; Wall Street’s “fear’’ index has fallen sharply, boosting sentiment; US inflation appears “transitory’’, also...
Read MoreA hawkish Fed puts the brakes on the market’s rise
June 21, 2021The STI fell 13 points or 0.4% over the week to 3,144.16; A hawkish FOMC raised inflation worries and sent gold prices sliding; Wall St on Friday dropped sharply after the Fed’s Bullard...
Read More“Transitory” US inflation keeps sellers away – for now
June 14, 2021US inflation – is it a problem or not? So far, Wall St seems to think any inflation is only “transitory’’ as S&P closed week at new record high; Bond market shares same...
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