MARK TO MARKET
How to ride the STI’s coming bull run
The local benchmark index’s advance could be hampered by its exposure to banks and lack of fast-growing technology stocks
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ONE recent news headline that would have caught the attention of many investors in the Singapore market is that the Straits Times Index (STI) hit a 17-year high at the beginning of last week.
Less than two months ago, the local benchmark index was caught up in an intense but short-lived global rout, amid concerns of a looming recession in the United States and an unwinding of the yen carry trade.
The Singapore market has since rebounded along with other markets, helped by the Fed strongly telegraphing its intention to begin loosening its policy stance – and then over-delivering with a 50 basis point rate cut on Sep 18.
