It just came alive when I was giving up on the lethargic STI at end Oct, after 4 consecutive months of decline. Within a week, it gained 7%. STI heavy weight like DBS gained 10%; even Singtel gained 8%. Many SReits also joined in.
As my portfolio was heavy weighted in STI, it benefited quite a fair bit. I just wish the momentum will continue. Having seen the strength of US stocks in the last few months, I hope it is the time now for the STI to show some strengths too and build into a great Christmas rally
Actually, there are quite a number of positive signs showing that the situations are either stabilizing or getting better. For instance, I observed that a few SReits were buying assets again like in the case of MapleTree Log, Suntec, Frasers Centrepoint etc. Companies will only acquire if they feel confident of their future.