This week, Singapore celebrates the National Day. Besides National Day, Singapore also celebrates the Hari Raya Puasa. With one holiday after another, Singaporeans enjoy a long weekend this week. This means that the Singapore Stock Exchange is open for the week till the eve of Hari Raya Puasa. This week, being a holiday week, will no doubt brings cheers to Singaporeans. It is debatable as to whether local investors who may be in a good mood due to the holidays will be galvanised into buying more stocks on the Singapore Stocks Exchange. There is also no evidence that nationalistic sentiments will well up inside local investors this National Day week which will prompt them into buying stocks which has some resemblance of National Day. These stocks, in my belief, are blue chips of government-linked stocks which are helmed by scholars. E.g. NOL is helmed by Ng Yat Chung, former ......
