KEY EVENTS OF STOCK MARKETS FOR THE WEEK |

Dear readers, how time flies, the third week of the first month of January is over and we are into the final week of January and are about to welcome Chinese New Year very soon. Let us take a look at the key events of the stocks markets for the trading week ended 21 Jan 2022.

For the week, in regard to the Singapore stocks markets, the most noteworthy development was none other than the trading debut of Vertex SPAC and Pegasus SPAC on the Singapore stocks exchange. Despite much fanfare, Vertex SPAC closed at 1% higher its listing price of $5 while Pegasus SPAC closed at 0.4% higher than its listing price. As I have shared in the earlier post, investors who wish to have an opportunity to do well in the SPACs must have a long term view as there is not really a business model for these SPACS before their de-SPACs. Next week, Novo Tellus SPAC will debut on the Singapore stocks markets.

As for the broader markets, US stocks markets have been declining more sharply in the trading sessions this week, so much so that NASDAQ found itself in a correction on 19 Jan 2022. I have further shared here with readers on how investors who want to take advantage of the selling in NASDAQ could do so with a diversified strategy.

Hence, for myself, it seems that market volatilities have emerged as early as the first month of this year and rightfully so, since this year will be a more volatile year with not just the ongoing developments of the Covid-19, but also the increase of interest rates.

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!

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