Market value of Singapore stocks swells in April as funds redeploy cash into blue chips
Analysts note that blue chips will always be the first to move when signs of a recovery occurs
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Singapore
THE combined value of all Singapore stocks rose in April as funds redeployed the cash they had pulled out during a panicked March into trusty blue chips, though second-liners remained on the backburner.
Singtel, DBS Group, Wilmar, Thai Beverage, OCBC Bank, Frasers Logistics & Industrial Trust (FLT) and United Overseas Bank (UOB) saw their market caps swell the most in April, data compiled by The Business Times show.
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