Straits Times Index: Race to 4,000 points
After this first breach, chances are that the STI will continue to ride above this level sooner rather than later
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[SINGAPORE] The benchmark Straits Times Index (STI) has been on a tear in the past year or so, with multiple sessions ending in new all-time highs.
On Mar 28, Singapore’s blue-chip index for the first time in its 59-year history crossed the 4,000-mark – seen by market watchers as a significant psychological threshold – before settling to close at 3,972.43 points.
After this first breach, the money is on the STI continuing to ride above 4,000 points sooner rather than later.
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