STI peaked on 22 May 2013 – Should have sold off in May?

Since the 52-week peak of Straits Times Index (STI) on 22 May, STI continues to drop. Currently, STI is at 3,252.56 points (2.19 pm, 5 June).

  STI Change
31 Dec 2012 3,167.08
1 May 2013 3,368.18 + 6.34%
22 May 2013 3,454.37 + 9.07%
4 June 2013 3,291.35 – 4.71%
5 June 2013, 2.19 pm 3,252.56 – 1.17%

As at 2.19pm, year-to-date change from start of 2013 was just 2.7%. At its peak, the year-to-date gain was 9.07%. So it appears that “sold in May” strategy works for investors to lock in gains in May.

Copyright © 2013, 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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