Dear readers, yesterday was the final trading day of this year Year 2022 and the Singapore Straits Times Index (STI), which is the benchmark indicator of Singapore stocks markets recorded 3,251.32.
To just gauge how the Singapore stock markets fare this year, we looked at the STI on the last trading day last year: 3,123.68 and we can easily ascertained that the STI has gained 4.09% in term of capital appreciation for this year.
This gain of 4.09% is a decent one, as the common narrative often goes, against the backdrop of volatile macro economic conditions. And this 4.09% gain was also a humble one, considering that the STI gained 9.84% year-on-year last year.
If we factor in an average 4% dividend for the Singapore stocks, that means to say on average, an investor who invests into Singapore stocks should have gained 8% return on their investments for this year 2022.
And for individuals who are savers rather than investors, Year 2022 should also be considered a good year for savings given that banks and financial institutions have upped their fixed deposits rate.
I wish You a Happy, Healthy and Meaningful Year 2023!
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
BINGE READ ALL POSTS!
Visit Home Page for more reads or Connect here!