Stocks of firms that diversified into hot sectors, crude oil plays among best performers for 2021

Pandemic plays such as personal protective equipment makers sink to bottom of the pile as Covid-19 fears ease

Uma Devi

Published Tue, Jan 4, 2022 · 05:50 AM

Singapore Stocks

Singapore

AFTER a tumultuous year of battling new waves and variants of the Covid-19 pandemic, the Singapore market actually fared better than several of its regional counterparts as the city-state continued to shore up investor interest.

In 2021, the benchmark Straits Times Index (STI) rose 9.8 per cent - making it the third-highest advancer in South-east Asia after the Stock Exchange of Thailand, which gained 14.4 per cent, and the Jakarta Composite Index, which advanced 10.1 per cent. Meanwhile, the Philippines ended the year 0.2 per cent lower, and Malaysia's KLCI fell 3.7 per cent.