Market Updates

Budget and virus provide main themes

STI lost 40 points or 1.2% over the week at 3,181.03; Prices rose and fell in line with virus news; China confused the market with change in counting methodology; The Government’s Budget...

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Investors bank on virus outbreak ending soon

The STI advanced 1.2% over the week; Markets were firm on hopes that virus outbreak might end soon; US Treasury yield curve inverted during the week; Earnings season started – DBS, Genting,...

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Wuhan outbreak – not as serious as previously thought?

Despite Friday’s selloff, STI still managed a 0.9% gain for the week; China’s stimulus helped stocks rebound after early selloff; More local firms reporting their businesses are hit by China virus; Medical...

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Monthly wrap for January 2020: Wuhan virus worries overshadows US-China Phase One trade deal

STI lost 69 points or 2.1% over the month at 3,153.73; Wuhan virus outbreak overshadowed earlier trade deal optimism; Shares of China related companies hit, along with travel, leisure and hospitality counters; ...

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Wuhan worries take centre stage

Wuhan virus epidemic brought selling pressure – shades of Sars; STI lost 41.01 points or 1.3% over the week at 3,240.02; US-China trade deal pushed to the background – but for how...

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Phase One trade deal gave market a boost

Phase One US-China deal gave markets a boost; STI gained 26 points or 0.8% at 3,281.03; Singapore’s NODX rose a surprising 2.4% in Dec, the first gain in 9 months; US officials...

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Market brushed off US-Iran tensions

STI rose 0.5% as markets regained their poise after initial US-Iran wobble; Investors said to prefer to focus on upcoming US-China Phase One agreement; SGX to scrap mandatory quarterly reporting, shifts to...

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New Year rally derailed by geopolitical tensions

STI gained 12 points or 0.4% at 3,238.82 over the week; Main reason was that US-China aim to sign Phase One trade deal by 15 Jan; China’s central bank cut its bank...

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Quiet but firm week as the year draws to a close

STI gained 14.14 points at 3,212.39; Support came mainly from Wall St’s all-time highs; November’s factory output disappointed; China’s industrial profits grew 5.4% year-on-year; Local trading focused on penny stocks   Perhaps understandably given...

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Is the deal too good to be true?

Phase One US-China deal left local market largely unimpressed despite Wall St rising to all-time highs; Announcement of Trump impeachment had no impact; STI traded within narrow band, gaining 17.68 points or...

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