Stock rallied – STI broke 2,900 level

The Straits Times Index (STI) continued to post solid gains today and yesterday after the announcement on Thursday from the European Union leaders on stabilising the sovereign debt crisis.

The STI closed at 2,905 points today after breaking pass the psychological level of 2,900 points. The last time we saw STI was above 2,900 level was on 5 August when it stood at 2,994 points. From 1 August (STI at 3,215 points) onwards, the STI was on the down-trend for most part until this week.

My equity portfolio’s market value recovered and pared some paper losses of about 15 per cent to currently at 4.7 per cent below cost. As indicated in my earlier blog post, I did sell off some stocks to reduce my overall equity portfolio. I am now comfortable with the overall exposure to Singapore equity at this current moment.

Copyright © 2011, limkimtong for Living Investment

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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1 Response to Stock rallied – STI broke 2,900 level

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