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Small cap rally a welcome relief

AFTER a couple of wintry years, spring has returned with a vengeance. The benchmark Straits Times Index (STI) has broken above its 2,800-point range and has climbed more than 10 per cent to over 3,100 points in a matter of months. A slight pullback saw it at 3,094.19 on Tuesday.

The recovery in value traded, now significantly above S$1 billion every day, is a welcome sight. What is more notable is how small-capitalisation stocks making up the bulk of the Singapore market have sprung to life.

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