Dear readers, will the Singapore stocks markets really rally next? As at the last trading date (23 Aug 2024), the barometer of the Singapore Stocks Market, the Straits Times Index (STI) was 3,387.99, up by about 1.02% from last week. This modest upward movement has sparked much speculation among investors and analysts alike on whether the rally can be sustained.
Singapore Stocks Markets Rally: Reits
If you have noticed, some STI stocks have already been making steady march in their stock prices. And this is mainly due to the expectation that the US Federal Reserves will be cutting interest rates. A cut in interest rates will help Singapore Reits, and this is no wonder that Singapore Reits have already gained on expectation of the interest rate cuts. For the week, the STI Reits have gained a decent margin as shown below, just to cite a few of these below.
CapitaLand Ascendas REIT: 3.65%
Frasers Centrepoint Trust: 2.61%
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Singapore Stocks Markets Rally: General
The expectation of the interest rates cut by US Federal Reserves is not only reserved for Singapore Reits. When interest rates are cut, it is expected that investors who have been putting their monies in savings products like Singapore Savings Bonds, Treasury Bills, will turn to the Singapore stocks in general for the higher yields. And not to mention capital appreciation. This is no wonder that some Singapore stocks have performed so well that they are now overbought:
CapitaLand Ascendas REIT
Frasers Centrepoint Trust
Frasers Logistics and Commercial Trust
Jardine Cycle & Carriage stock
Mapletree Industrial Trust
SGX stock
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What Investors should watch out for?
Will Singapore Stocks Markets rally next? The cut in interest rates in September by the US Federal Reserves is looking more and more likely. Hence this may likely drive the rallying in the Singapore stocks markets. However, investors must weigh in the other factors which may derail the global stock markets (Singapore stock market is a price taker after all). Such factors include the continual geo-political tensions and the uncertainties in the US Presidential election.
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