Dear readers, let us take a look at the best weekly gainer Straits Times Index (STI) stocks for the week ended 5 Mar 2021.
First, it is noteworthy that the STI has regained ground above 3,000 as the index closed at 3,013.82. The STI last went above 3,000 in January 2021. As the 3,000 level is really a psychological level, investors must take note that this 3,000 level may continue to be a resistance for Singapore stocks for some time to come.
For the week ended 5 Mar 2021, the best performing STI stocks with the largest weekly gains are:
Jardine Strategic Holdings (JSH) stock: 6.07%
OCBC stock: 4.55%
Jardine C&C: 4.04%
DBS stock: 3.94%
SIA stock: 3.41%
While the top five list ended off as above, coming in 6th is UOB stock with a 3.12% weekly price gain.
As we can see from the list above, Singapore’s listed banking stocks have done very well for the previous week. This could be in part due to the increasing yields of US bonds which favour the stock prices of banking counters.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! I also run another blog Singapore Stocks Investing with similar useful insights! 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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