Happy New Year Singapore Stocks readers! Today is 2nd January 2013 and the first trading day of a brand new year. The first trading day of this brand new year sees a strong resounding start for the investment community as the STI closed more than 1% higher, fuelled by the last-minute deal of the US Senate and Congress to forge a debt which helps the United State evade the “fiscal cliff”.
Buoyed by the resolution passed to tackle the “fiscal cliff”, the Singapore investment and trading community is optimistic and pushed Singapore stocks higher today. As I watched the stock prices of most stocks rise by a handsome profit margin today, the question I think many retail investors will be asking now is whether the first trading day of the year will be the start of a rally for the Singapore stocks here and whether it will be a good ......
