Monthly wrap for January 2021: Bulls held sway in first half, bears in second
February 1, 2021The STI was up 2% for the month; All of the gains came in first two weeks when index rose 6%; Drag came from Wall Street’s second half selloff; US Fed chief...
Read MoreSTI regained the 3,000 level on Thursday – then lost it on Friday
January 25, 2021Biden’s peaceful inauguration brought some support; STI climbed above 3,000 on Thursday but fell back on Friday; Wall St’s fall on Friday attributed to Fauci warning about new virus strains; Singapore govt...
Read MoreThe STI regained the 3,000 mark on US stimulus hopes
January 18, 2021Markets took their cue from a firm Wall St; Sentiment in US was upbeat despite political upheaval; Main hope was that Biden administration would announce stimulus; US President-elect Biden duly announced plans...
Read MoreA Blue Wave lifts markets in a week of two halves
January 11, 2021Explosive end to the week saw the STI gain 5.3%; The push came from the US, where Democrats won control of Senate; Market now hopes for more US stimulus, Wall St at...
Read MoreMonthly wrap for December 2020: A flat month in a weak year
January 4, 2021The STI added one point in December to end at 2,843.81; The index’s loss for the year was 11.7%; Over in the US, the S&P 500 finished 2020 at a new all-time...
Read MoreTrading 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; ...
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