Dear readers, in this post, let us take a look at the Singapore’s Straits Times Index from a macro perspective.
The Straits Times Index (STI) is the benchmark index of the Singapore Exchange (SGX). It is a market capitalization-weighted index that tracks the performance of the top 30 companies listed on the SGX.
These companies represent a diverse range of sectors, including finance, real estate, transportation, and technology. As such, the STI is seen as a reliable indicator of the overall performance of the Singapore stock market.
The STI is closely watched by investors, analysts, and policymakers as it provides a snapshot of the health and direction of the Singapore economy. Changes in the STI can reflect shifts in investor sentiment, changes in economic conditions, or developments in global markets.
As such, the index is used as a benchmark for measuring the performance of investment portfolios and as a tool for making investment decisions.
The STI has a long history dating back to the 1960s when it was first introduced by the then Malayan Stock Exchange. Over the years, the index has evolved to include more diverse sectors and companies, reflecting the changing landscape of the Singapore economy. Today, the STI continues to be a key indicator of market trends and a valuable tool for investors looking to navigate the Singapore stock market.
Let us take a look at what we should understand from the macro perspective for the STI via the video below from Phillipcapital.
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