What happened? With 2023 coming to a close, investors in the Singapore market may be disappointed with dismal returns of the Straits Times Index (STI) this year. As of 22 December, the STI has declined by 3% this year. However, this was largely driven by the weakness in the share price of Singapore banks - DBS, UOB and OCBC.  In fact, the top 3 blue-chip stocks in Singapore saw their share prices gain by 13% to 49% over the same period. Blue-chip stocks are well-known for their resilience and are so named because they have a large market capitalisation and a long track record. These are also the stocks that investors will flock to when there is economic uncertainty or if a downturn strikes. Let us find out which 3 blue chip stocks performed the best in 2023. #1 – Sembcorp Industries Ltd (SGX: U96) Sembcorp Industries Ltd, or SCI,...