For my top 30 holdings, Hong Fok is the new top holding in the list as the company benefited from consistent share buybacks executed during the month. Old Chang Kee and Tat Seng returned to the list. Old Chang Kee was allowed to operate during the circuit breaker period as they are deemed essential services. LHT continued to make progress in the list as they are expected to benefit from panic buying in supermarkets as rental of pallets is expected to increase due to more
... STI closes this month at around 2624 points, ending the month on a high note and recovered more than 100 points from last month. It looks like markets are factoring in the prospects of Covid-19 treatment and economy around the world starting to open up soon as virus numbers seems to peak. Volatility across various markets has also gone down during the month.
