Straits Times Index is a capitalisation-weighted stock market index. This index is used as a benchmark by many to have a quick understanding of how Singapore market is performing. It started from year 1966. It has 30 stocks components and it supposed to track the best 30 companies listed in Singapore stock exchange. The selections are based on their market capitalisations.
Let us take a look at the long term trend of the index:
The current STI index is 3,281.09 (at the time of writing). Here is the 1 year chart:
It has not reach the 10% dip of 3194.87 from the recent peak of 3549.85. To me, the market is doing well unless it has a more than 10% dip.
Let us look at STI ETF. Note: ETF is not Index Fund
Investors usually bought Straits Times Index Exchange Traded Fund (STI ETF) to ride on general ...
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