Singapore and US stocks are near record highs on strong earnings and tech bounce.
I’m not much of a football fan, but even I noticed that Singapore made it into the ASEAN Championship semi finals.
Maybe it is the National Day mood, but there seems to a few things for Singaporeans to celebrate this week. And it was not just on the football pitch.
The Straits Times Index (STI) is near an all time high, while DBS and OCBC both reported strong earnings and saw their share prices reach record levels too. This comes after a very strong July, when the STI gained 9%, led by the Singapore banks.
If you have been invested in Singapore stocks, it has been quite a run. This week, we look at which blue chip stocks performed best in July, as well as some of the stocks paying dividends in August.
Of course, whenever markets hit new highs, I also start wondering what comes next....