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...