The three local banks, which together make up nearly half the weightage of the Straits Times Index, are expected to report record FY2023 earnings next month but there are already jittery investors trying to get their foot out of the door ahead of the cycle of lowering interest rates.
REITs expected to be a favourite with brokerages this year on the back of anticipated rate cuts
The Singapore market ended 2023 with minimal change, influenced by increasing interest rates and macro uncertainties that impacted overall sentiment. While it lagged behind robust US markets, it outperformed other regional markets that experienced substantial double-digit declines, solidifying the Straits Times Index’s (STI) reputation as a resilient safe haven.
