Local pandemic plays come out tops in 2020, as investors hunt for yield
Many small- and mid-caps register increased interest; Medtecs and UG Healthcare are the two best-performing Singapore-listed stocks for the year
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Singapore
THE year 2020 was a tough one for stock markets around the world, but the benchmark Straits Times Index (STI) has actually underperformed many other major indices. The index declined 12.6 per cent to end the year at 2,843.81 points, weighed by the likes of City Developments, Keppel Corporation and the Jardine group of companies.
The Dow Jones Industrial Average, on the other hand, was up by 6.6 per cent as at Dec 30. The Nasdaq Composite and S&P 500 were up 43.4 per cent and 15.5 per cent, respectively, according to Bloomberg data.
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