STI Outlook – As of 27th March 2021
By Loopholes Singapore  •  March 27, 2021
Capitaland’s deal is well-timed I guess many of us can agree that as far as the STI is concerned, Capitaland’s delist plans were the highlights for the past week. Capitaland’s bold move on liquidating CapitaLand’s shares at a premium plus scrip scheme was a huge surprise so much so that many investors were dumfounded after Capitaland resume trading on Tuesday morning. This delist offer signals the continued support for investors from the main counters listed on the STI and I am optimistic that other counters are countering to offer similar deals as well. On the other hand, Singapore’s management of the pandemic has been more than satisfactory and recent spikes for non-finance and aviation stocks renewed confidence for investors. STI – Updated Daily Chart On the daily chart, the STI continues to climb modestly and closed higher on Friday. Noticeably, most of its constituents are bullish, including counters which...
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By Loopholes Singapore

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