Straits Times Index (STI)

The STI is attempting to rebound and could do so despite US market volatility

Singapore markets are down 4.7% for 3Q2020 and 23.4% down for the year 2020.

The benchmark Straits Times Index (STI) dipped 0.1% w-o-w to 2,482.4 on Monday afternoon.

The benchmark STI gained 0.8% to 2,503.6 on Monday afternoon (September 21) from last week’s 2,482.55.

STI steadies on Fed guidance, short term indicators oversold

While the S&P 500 fell 6.7% from its September peak, the STI only lost 2% due to its lower exposure to technology stocks.

The benchmark Straits Times Index (STI) fell 0.9% to 2488.96 as at noon of September 14 from the previous week’s 2511.21.

With indicators weakening, the STI will stay hostage to short term downward pressure and the volatility of global markets.

The Straits Times Index (STI) slid 0.8% to 2512.61 on Monday (Sept 7) at noon from last week’s 2532.51 on the back of a continued decline in tech stocks in the US last Friday (Sept 4).

The Straits Times Index stayed within a narrow range during the week, ending at at 2,509, down 30 points. The move is small in relation to the market’s absolute level, and on Sept 4, the STI formed a white candle on marginally higher volume, suggesting