Straits Times Index ushering in the year of Goat.

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Straits Times Index ushering in the year of Goat.

The market had ushered in the Year of Goat last week as it closes for the last 2 days of the week. The Straits Times Index still managed to make gains during the short 2 & half day trading day. It had a bearish start during the week but positive sentiment was seen on Wednesday despite half day worth of trading. With upcoming Singapore budget announcement on Monday, many were speculating many pro business and individuals’ incentives this year. Hence, the week ended positively. Over the long holiday, many market happenings were seen during the period. First, Greece managed to strike a deal of bailout given that their economic reforms plans are feasible. Second, Singapore’s Lee Kuan Yew was announced to be hospitalised with severe pneumonia. Both good and bad news happened over the days. How will STI react this week? …

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