Market Review and Trends
Singapore stocks reach 17-year high: Weekly Market Recap
By Beansprout  •  November 24, 2024
Singapore stocks reached a 17-year high with stronger than expected economic growth. There’s been a lot happening in the financial markets lately that caught my attention. Singapore stocks are on a roll, with the benchmark Straits Times Index (STI) hitting a 17-year high recently. Several blue-chip stocks, including Singapore banks, have performed exceptionally well this year. We take a closer look at three Singapore blue-chip stocks that recently reached 52-week highs. Next, Singapore T-bill yields appear to be reversing course. The latest 6-month T-bill yield climbed to 3.08%, rebounding from a low of 2.97% in September. With the current Singapore Savings Bond (SSB) offering a 10-year average yield of 2.81%, we examine whether it’s better to apply for the current SSB or wait for the next one. Meanwhile, the recovery in T-bill yields has put pressure on Singapore REITs, which have declined in recent weeks. If you are interested in Singapore REITs, do join us for our upcoming webinar on 26 ...
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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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