Dear readers, the Singapore stocks markets, as measured by the Straits Times Index (STI), has a successful year.
As of today, the STI is up by 14.8% for the year-to-date. Specifically, the STI closed 3,719,93 on 20 Dec 24 and this is close to 15% as compared to the 3240.27 level achieved by STI on 29 Dec 23 (last trading day last year).
Among the STI, the banking counters are among the largest winners.
DBS stock was up 41.55% year-to-date.
OCBC stock was up 26.86% year-to-date.
Last but not least, UOB was up 25.75% year-to-date.
If we compare the performance of the 3 banking stocks as above, both OCBC and UOB were up this year by around similar percentage points. This means DBS, with its almost 42% percentage point rally was the stellar STI performer among the banks this year.
Year-to-date gains for some of the conglomerate stocks are:
Keppel Corp: -5.23%
Sembcorp stock: –
It seems that this year once again passes without the global financial meltdown that has not happened since 2008 and which many have been expecting to happen one day or another. Believers expect that the longer the next financial meltdown does not happen, the greater the impact (of the meltdown) will be.