The STI is currently trading at around 3,400 and while some analysts are giving their takes on which level the STI will head next, I am less interested in this and the STI is really just a basket of the thirty largest Singapore stocks. The STI is an indicator of the Singapore markets only and the performance of the stocks you have chosen has not much to do with it though there may be some correlation between the two. When the STI reaches above 3,500 in April 2015, I could not see where exactly this rise came from as most blue-chip stocks of the STI e.g. oil & gas as well as commodities counters were not doing that well in terms of stock prices.

The rally could have come from banks which tend to do well in a higher interest rate environment. It could have also come from bargain-hunting …