1. Year 2016 had come into conclusion last week. For the whole year, STI was seen to be trading flat with 0.07% down. It had been an exciting year as it started with a strong bearish movement before it was able to recover back to its current level. Economic concerns were at it’s heighten stage as the markets were eyeing on the developments of US, China and Euro zone. Oil prices continued on the low side which caused oil-related companies to struggle as some faced liquidity problems. Oil-related sector suffered the most during the year. However, there were some relief to the sector as oil price

  2. Year 2016 is starting to come to the end as the whole celebrated Christmas last week. The expected Santa Rally failed to materialise as the market chose to go south instead. Concerns were focused on the uncertainty of the upcoming newly elected US president Donald Trump’s administration. During the week, there were several rebound attempts but they were quickly greeted with selling pressure, causing STI to close lower for 5 consecutive days. The banks and offshore marines were hit during the week as profit takers preferred to be out of the market. Therefore, Straits Times Index ended the we

  3. Last week, US Fed meeting concluded with an interest of interest rate hike on Thursday morning. The market had accurately anticipated the rate hike this time round. It is the first and the last rate hike for this year. Despite being on the right anticipation, the market chose to head lower. The reason for the profit taking pressure is due to the further comments by Fed Chief after announcing the rate increase. She had anticipated that there might be further rate heights in the coming year with a possibility of 3 tranche of increase. This threw the market into another state of indecisiveness

  4. The 2nd week of December continues to be a bullish week for Straits Times Index. The bullishness was supported by the rally of both Banking and Offshore Marine sectors last week. Profit taking sentiment was seen during the week but it was quick to be countered by buyers whom are still positive of the market outlook. However, on last Friday’s closing, STI seems to be facing some selling pressure which caused STI to close at 2956.13 level. Despite the profit taking action on Friday, STI still managed to end the week with 36.76pts higher.

    STI had clocked 5 consecutive weeks o

  5. The Straits Times Index ended the month of November with a bang despite all the concerns on the results of US presidency election. Opec’s meeting last week concluded with reduction in production of oil supply. This lifted the sentiment in Singapore market as oil-related industries in Singapore are facing dire state. Offshore & marine counters showed strong gains while banking counters also got a lift from the positive sentiment. These resulted in strong gains in STI during the week which broke 2880 resistance level easily. Profit taking actions were countered by bullish buyers during th

  6. The Straits Times Index managed to maintain its bullish momentum last week. Concerns on Trump’s upcoming presidential seat have turned into a picture of a beautiful painting of pro-business decisions. Interest rate hikes that used to cause negative sentiments have not turned into positive sentiment for the market. Banking sector gained bullish traction as many deemed that the interest rate hike will be beneficial for the banks. Oil prices sustained as the Opec meeting was looking towards reducing its oil supply. Oil related counters like offshore marines and commodities gained some momentum

  7. Post US-election week had turned out to be a volatile week as market concerns mounted due to upcoming President Trump’s promises during his election talk. The week started bearishly as the market starts to digest on one of the biggest talk after Trump’s win; The Trans-Pacific Pact (TPP). Leaders of TPP shared their concerns and it seems likely that US, the main leader of the pact, is unlikely to continue with the deal after Trump’s administration. Singapore market weights on the concerns during the early week. However, positive sentiment started to build up as there were talks of possibilit

  8. Surprise happened. Donald Trump had won the presidential election. Many traders were dismayed and disbelieved on the result. Shock and angry were among some people, while fear and anxiety struck some. Asia markets rocked when the results of the election were being confirmed during Asian hours. They reacted negatively to winning of Donald Trump as he has stated to abolish the Trans-Asia Pacific Pact which has benefitted some Asian countries including Singapore. Furthermore, concerns were also seen on whether trade protectionism will be imposed by the new US president. Hence, STI suffered a s

  9. As US presidency elections started to draw nearer, global markets are watching closely to the progress of the election. Many were anticipating the election outcome over the period and these sentiments have been passed to the stock markets in the world. There was a shift in expectations last week and this caused the markets to lose its confidence. Straits Times Index was not spared from the shift and hence, faced selling pressure during the week. It attempted to rebound during the early week after holding at its support level of 2800 level. But there are no positive catalysts to boost the re

  10. It is another quiet and volatile week for the Straits Times Index as cautious sentiment continues. As US presidency election starts to draw nearer, market participants braced themselves for the expected volatility by staying out of the market. Furthermore, as the quarterly earnings reporting starts, concerns elevated due to multiple reports of weak earnings. These factors caused STI to head southwards despite a bullish start. With a high of 2860 level, it is clear to see that STI was unable to sustain its gains and spend more of the time climbing downwards. These actions lead to a low of 28