STI's high yield haven offers balm to painful bear grip

Singapore

INVESTING in the local stock market may not be a bad move for those looking at income though it may be difficult to convince weary equity warriors.

Year to date, the Straits Times Index, which stood at 3,117.61 on Nov 30, has fallen more than 8 per cent; regional peers like Hong Kong's Hang Seng Index is down some 11 per cent while the Philippines PSEi Index is a minus 14 per cent. Less bad are Kuala Lumpur's KLCI Index (-7 per cent), Bangkok's SET Index (-6 per cent) while Jakarta's JCI is minus 5 per cent.