Virus 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...
Read MoreUS stimulus: Deal or no deal?
October 26, 2020Markets drift while Wall St waits for US stimulus deal; The STI’s rise on Friday meant it gained 4 points at 2,537.39 for the week; Local brokers are bracing themselves for a...
Read MoreA firm finish to a flat week
October 19, 2020The STI ended flat for the week at 2,532.02; NODX rose 5.9% in Sep; Economy contracted 7% in Q3; Hyflux gets final extension; Study shows Singapore companies lag Malaysian and Thai peers...
Read MoreTrump’s actions play central role
October 12, 2020The Straits Times Index fell on Friday but still managed a 36-points or 1.4% gain for the week at 2,532.96; The main driver was Wall Street, where movements were driven by President...
Read MoreRebound stalled after Trump tested positive for COVID-19
October 5, 2020The STI was on an uptrend when news of Trump’s infection broke; Index still managed a 1% gain for the week; SGX’s market cap was 2.7% down in Sep at $740b; US...
Read MoreMonthly wrap for September 2020: The market consolidated in September
October 1, 2020The STI fell 66 points or 2.6% to 2,466.62 in September; US tech sector volatility was a big factor; US-China tensions rose as US banned Tik Tok and WeChat from app stores; ...
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