STI’s immunity stems from our banks’ performance The recent correction for all tech stocks around the world continues and hence, STI is still off the hook. Finally, we can make sense of the disconnect between STI and other major indices. Evidently the rallies was initiated by tech stocks because the pandemic had minimal impact on tech products as demand continues to rise in 2020. STI’s heavy weightage have yet again pushed STI up almost single-handedly as other sectors hard hit by the pandemic like retail, domestic and tourism continue to stay modest. Interestingly, the optimism in the aviation sector has push share prices of SATS and SIA up to new high since the pademic hit in 2020. However, even those counters have retreated for the time being as STI hit its previous highs in January 2021. The current expectation is for STI to continue heading upwards but there are no guarantees that the tide will not change abruptly....