Market Review and Trends
Weekly Round up: Straits Times Index Climbs Amid Q3 Growth Boost; Wall Street Maintains Momentum
By The Smart Investor  •  November 23, 2024
Singapore’s Straits Times Index (SGX: ^STI) ended the week on a positive note, inching up to 3,746 points, compared to 3,744 the previous week. This marginal rise follows news that Singapore’s economy outperformed expectations for third-quarter growth. Consequently, the Singapore government revised its year-on-year Q3 growth estimate to 5.4% and adjusted its 2024 full-year growth forecast to approximately 3.5%.

Singapore Exchange (SGX: S68) Hits 16-Year High

Shares of Singapore Exchange surged to their highest levels since December 2007, closing at S$12.75 on Friday, November 22. This spike comes amid increasing turnover and trading volumes, driven by near-term market volatility. Year-to-date, the Singapore stock market has advanced 15.7%, making it the top-performing market in Southeast Asia.

ST Engineering’s (SGX: S63) reported increase in Q3 revenue

The technology and engineering group reported a 14% increase in Q3 revenue to S$2.8 billion, compared to S$2.4 billion in the same period last year. The company also announced an interim dividend of S$0.04 per share, consistent with the prior...
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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