On 31 July, the STI reached a year high of about 3,370 points. The STI had appeared to be catching on to the US stock market’s meteoric rise in the past two year. It seemed like a matter of a few weeks before the 3,400 mark would be breached and a possibility that it could surge past the 3,500 mark (a level not seen since Nov 07).
However, for the past one and a months, the index has dived down by a hundred points instead and we are back below the 3,300 level again. These 30 stocks in the Singapore stock market as a basket has been trading sideways for almost the past 5 years and the perceived euphoria a couple of months back has also died down. This fall is evident in my portfolio as even with a capital injection of about $4,000, the overall value of the portfolio has decreased by $2,000.
I generally ......