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
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[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.
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