“If you prefer, the market did nothing after 17 years,” notes Paul Chew, head of research at PhillipCapital, adding that average returns stood at around 4.5% per annum, including dividends.
If 2024 was a memorable year for the stock market, 2025 seems to be more “daunting” due to the unpredictable policies that may be imposed by the new US government.
In 2024, the Singapore market grew by 16.9%, marking a 17-year high and coming in just 1.6% shy of the all-time high achieved in October 2007.
