Market enters “consolidation’’ phase as it looks to Wall Street for direction
September 28, 2020Market consolidated last week with the STI losing 25 points or 1% at 2,472.28; Wall St continued to set direction; US investors were nervous about rise in virus numbers, lack of fiscal...
Read MoreUS FOMC and tech selloff were main drivers
September 21, 2020The STI added 7 points or 0.28% at 2,497.71; Main external drivers were US FOMC and technology selloff; WTO ruled that US’s tariffs on China are illegal; US to ban WeChat and...
Read MoreTech stock worries make for a soft week for stocks
September 14, 2020The Straits Times Index drifted to a 19-points or 0.76% loss at 2,490.09; US tech sector selloff weighed on sentiment; Also disappointing markets was US failure to agree on relief package; Singapore...
Read MoreUS tech stock selloff provided main feature
September 7, 2020US indices closed week sharply lower ahead of long weekend; STI was dragged lower by 30 points or 1.2% at 2,509.64; Co-founders of SK Jewellery table privatisation offer; Aspen moves ahead with...
Read MoreMonthly wrap for August 2020: Same drivers, different month
September 1, 2020The STI added just 3 points at 2,532.51; Wall Street had its best Aug since 1984; Virus-related news continued to drive markets; US-China tensions played a part in capping prices here; Singapore...
Read MoreDecoupling of local market from Wall Street continued
August 31, 2020The STI continued to shrug off Wall Street’s all-time highs, gaining just 11 points or 0.4% at 2,539.63; US market was largely supported by hopes of a COVID-19 vaccine soon; US Federal...
Read MoreA rare decoupling
August 24, 2020Despite Wall St at new highs, the Straits Times Index lost 53 points or 2.05% at 2,528.54; The Singapore Government announced it will inject another S$8b into the economy; SGX RegCo warned...
Read MoreVaccine hopes lend support
August 17, 2020News of vaccine trials supported stock prices; STI gained 36 points or 1.4% at 2,581.32; Shares of glove makers took a beating on vaccine news; Temasek pulled out Keppel deal, surprising most...
Read MoreUS stimulus package provides support for all markets
August 11, 2020The STI rose 16 points or 0.6% to 2,545.41; Main support came from firm Wall St, where hopes were high of a new stimulus package; Worries came from heightened US-China tensions; Local...
Read MoreMonthly wrap for July 2020: As the COVID-19 pandemic drags on, the STI lost 2.3% as economic, earnings woes return
August 3, 2020The month started optimistically but ended on a weak note; Early support came from Hong Kong, hopes of vaccine; The STI first rose but weakened in second half to record 60 points...
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