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5 Best-Performing Singapore Blue-Chip Stocks in the First Half of 2024
By Beansprout  •  July 6, 2024
As the first half of 2024 ends, we take stock of the five best-performing blue-chip stocks, including Yangzijiang Shipbuilding, DBS, Singtel, OCBC and ST Engineering. What happened? It seems like the blink of an eye as the first half of 2024 whizzed by. The higher interest rate environment, along with the uncertain macroeconomic backdrop, has been a bane for numerous businesses. Despite these challenges, the Singapore market managed to produce several winning blue-chip stocks. Earlier, we shared 4 blue chip stocks that managed to report higher profits in the first quarter of 2024. In this article, we look at 5 of the best-performing Singapore blue chip stocks in the first half of this year (1H 2024). The share prices of Yangzijiang Shipbuilding, DBS, Singtel, OCBC and ST Engineering posted a double-digit percentage gain, exceeding the 3% gain for the Straits Times Index (STI) over the same period. We review these stocks to determine if they can continue their impressive...
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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.
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