Within the index, last month’s outperformers were Singtel, Oversea-Chinese Banking Corporation (OCBC) and New York Stock Exchange-listed Sea.
The MSCI Singapore index (SIMSCI) closed on Jan 25 at 387.97 points, up 15.44 points or 4.14% m-o-m. The gain comes even as countries and markets around the world tried to take stock and position themselves following the US government transition, given the “capriciousness” of the Trump administration, say a team of analysts at CGS International Research.
Communications, Capital Goods and Financials outperformed in January, while Retail, Real Estate and Transportation underperformed during the month.
