Hopes for better market after a year of doubt
Analysts target STI of 3,000 to 3,500 points; banks, oil and gas continue to be favoured over property
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Singapore
DOUBT slipped into the local market in the Year of the Snake amid tapering talk, property-cooling measures and a penny-stock crash. At the end of the half-day trading session yesterday, the total value of 770 companies listed on Singapore Exchange (SGX) tracked by The Business Times was $899 billion, up from $887 billion at the end of
2012 but down substantially from the close to $1 trillion reached in April and May 2013.
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