We are now at the half way mark of 2021. STI ended this month at around 3130 points, down slightly as compared to last month. Fear of US Fed faster than expected pace of rate hike had dominated market movements. Also, market had been focused on the pace of reopening in Singapore with increasing vaccination rate. Having said that, STI was well supported at around 3080 points level.
For my top 30 holdings, CFM is a new entry to the list after announcing proposed acquisition of a distribution business involved in test kits. Stamford Land also did well after appointing real estate agents to look into divesting its portfolio of hotels. PM Data also advanced after proposing to dispose its interest in its freehold properties to shareholders via distribution in specie. Isetan was also in the news after announcing its appointment of a marketing agent to look into possible interests for its stake in Wisma Atria...