The Singapore Stocks Market benchmark indicator STI closed 0.36% higher yesterday (7 Dec 2016) and if we are to look at just the performance of the STI per se, it shows that the Singapore stocks markets are still trading somehow range-bound. There is no clear catalyst to galvanize the Singapore stocks markets further. Instead, investors are looking at the macro-trends which might affect stocks markets globally. First, it was President-Elect Donald Trump’s factor, then investors are starting to look at the referendum on Italy. The US Federal Reserves’ decision on interest rate is definitely another factor to be looked at by investors.
Some of the STI constituent stocks behind the STI have been making good gains though. And thbe question is whether these stocks would still rally and advance next. The list of these blue-chip STI constituent stocks and the % change from their 52-week lows is below:
1) ......