Dear readers, the 2020 Singapore General Elections is finally over. The ruling party PAP has obtained a mandate and the Opposition has gained another 4 seats in Singapore Parliament. Today is the first trading day after the 2020 Singapore General Elections and it may be interesting to note how the Singapore Straits Times Index (STI), the benchmark of Singapore Stocks markets will perform today.
I expect that the impact of the 2020 Singapore General Election on the Singapore Stocks markets is not significant as once again the ruling party is returned to power and investors looking into the continued political stability of Singapore could be assured of the latest GE2020 results.
What is bear more watching will be the ongoing Covid-19 and its impact on our economy, our businesses, the jobs and livelihoods of our people. For the full impacts of Covid-19 has not been felt and I believe that the Singapore stocks markets will start to respond once business report a set of quarterly results hammered by the Covid-19.
I am not rosy on the equities markets at this moment. Any upside gains are likely to be limited.
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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