The Business Times
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OUTLOOK 2021

Markets to sustain rally in 2021 amid vaccine-led recovery: analysts

Economic recovery, however, is expected to be gradual and uneven across sectors

Claudia Tan HS

Published Mon, Jan 4, 2021 · 09:50 PM
Analysts' picks

Singapore

THE recent market rally is expected to extend into this year as pandemic laggards continue to gain ground amid the global Covid-19 vaccine roll-out, though economic recovery will be gradual and uneven across sectors, according to market watchers.

This comes as the strong rebound of cyclical and value stocks signals a broadening market rally, DBS's chief investment officer Hou Wey Fook told the media on Monday at its 2021 first-quarter market outlook.

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