Dear readers, for the previous week, the Straits Times Index (STI) went south by 1.98% as a number of STI stocks also recorded weekly losses for the week on a larger magnitude as follows:
Sembcorp Industries stock: -3.47%
Hongkong Land stock: -3.47%
Wilmar International stock: -3.83%
UOB stock: -3.87%
Yangzijiang Shipbuilding Holdings stock: -4.03%
ST Engineering stock: -5.87%
There were very modest gains for the previous week. The best-performing STI sock was SATS stock with just a 3.24% increment for the week.
The STI is now at 3,102.75, back to the level investors last saw in Feb to Mar 2019. Going forward, I would think not many positive catalysts to propel the STI further higher in the near-term.
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