Broadening bullishness may support interest in new listings, including those headed to Catalist
As STI’s rise changes market dynamics, investors should adopt a less defensive posture while corporate boards should prepare for more scrutiny
Add BT as a preferred source
[SINGAPORE] The Singapore market seemed unstoppable last week.
The Straits Times Index (STI) pushed past 4,000 on Wednesday (Jul 2), and closed above that key threshold for three straight trading days. It ended Friday at 4,013.62 – up 1.2 per cent for the week, and up nearly 6 per cent since the beginning of this year.
It was not the largest components of the STI that drove the rise, though. DBS, OCBC, UOB and Singtel – which together account for nearly 60 per cent of the benchmark index – were all up by much less than 1 per cent last week.
TRENDING NOW
Xi Jinping has just rewritten the rules of US-China rivalry
‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next
In the EV race, Japan’s most dangerous rival could be closer to home than China
Wilmar, Musim Mas among palm-oil firms in Indonesia under probe for suspected export under-invoicing
