Sunday, June 4, 2017

WHAT’S NEXT FOR SINGAPORE STOCKS?

Singapore stocks
Singapore stocks benchmark index STI closed at 3,240 on 2 Jun 2017, extending the nice rally all the way since the second half of year 2016 where the STI index then was 2,860. Surprising, at that point (Dec 2016), Donald Trump was elected the US President and just as everyone was worrying about what Trump would bring to the global stocks markets, we had local and regional stocks markets rallying to new highs as like what we have seen for the local bourse.
The intra-day high for the STI for the year-to-date was around 3,275 and hence this will be the resistance to break if the STI is to further rally. Provided no macro-economical surprises, I find no reason why the STI could not reach the level of 3,550 in April 2015 though no one can really predict the stocks markets. Unless one is to buy into STI ETF which tracks the STI if one is to ride the up wave of STI supposing one is bullish on STI, one will have to experience the corporate factors of the individual Singapore stocks. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.

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