Trading winds down for the year
December 28, 2020Recent 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...
Read MoreThe consolidation continued last week
December 21, 2020The 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; ...
Read MoreA week of “consolidation’’ supported by Wall St’s optimism and virus vaccine news
December 14, 2020The 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; ...
Read MoreVaccine hopes and Wall St’s record highs continue to provide support
December 7, 2020The 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...
Read MoreMonthly wrap for November 2020: The best month for the STI since May 2009
December 1, 2020The 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; ...
Read MoreVirus hopes, Biden transition and Wall Street’s new highs helps lift sentiment
November 30, 2020The 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...
Read MoreNew trade deal, vaccine news drove markets
November 23, 2020The 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...
Read MoreThe virus, the vaccine and the victory
November 16, 2020The 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...
Read MoreAnd the winner is…
November 9, 2020The 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...
Read MoreMonthly wrap for October 2020: Waiting in vain for stimulus
November 2, 2020The 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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