Jaiswal anticipates markets to consolidate before moving higher. “We expect the STI will continue moving sideways as investors await the eventual relaxation of current restrictions in Singapore, “ he says in an Oct 7 research note.
RHB Group Research analyst Shekhar Jaiswal believes there are opportunities to accumulate stocks as the Singapore market awaits clarity on the Covid-19 situation.
This comes after the Straits Times Index (STI) recorded a “weak” 3Q2021 performance, declining 1.2% on a q-o-q basis.
