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Singapore market unlikely to repeat 2024’s high; moderate returns expected for 2025

Analysts say the market will remain stable going into the new year

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Navene Elangovan

Navene Elangovan

Published Fri, Dec 27, 2024 · 06:00 PM
    • Among the key factors that influenced Singapore’s equity market this year was a global stocks sell-off in August as investors braced for a recession in the US.
    • Among the key factors that influenced Singapore’s equity market this year was a global stocks sell-off in August as investors braced for a recession in the US. PHOTO: CMG

    IT HAS been “a year of two halves” for the Singapore market in 2024.

    While the local market remained relatively stable in the first half of this year, it saw a sharp rally in the second half, with the Straits Times Index (STI) posting its best performance since 2017. The benchmark index is up more than 16 per cent year to date, generating total returns of close to 23 per cent with dividends reinvested.

    While the Singapore market is unlikely to see a similar performance in 2025, analysts said that it will remain stable going into the new year.

    Outlook 2025ReitsS-ReitsBanksStraits Times Index

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