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).
|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
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