Dear readers, we have come to the weekly review of Singapore stocks for the week ended 15 Jan 21. The Straits Times Index (STI) closed at 3,004.87 on 15 Jan 21, clearly above the 3,000 psychological mark. Compared with 2,993.19 on 8 Jan 21, it was another consecutive week of gains for the STI though this latest weekly gain of 0.39% was much lower than the 5.25% gain in the first week of Jan 21.
Ever since I shared with readers this stock that has surged in price last week, this stock continued to gain almost 11% in stock price for the week ended 15 Jan 21 with a price now at $1.50; is this a multi-bagger Singapore stock next?
The stellar run-up has not only caused the aforementioned small-cap stocks to run up. Three underdog constituent stocks of the STI emerged as the top winners for the week.
To me, this 3,000 level is not a sustainable level and there is also a possibility that the STI could crash by 57.23% next .
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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