STI on seventh day after Christmas

In my earlier post, I reviewed the Straits Times Index (STI) seven days before Christmas for 22 years and found that it rose 17 times out of 22 years.

I extend the study to review the STI performance seven days after Christmas (i.e. on eve of New Year).

The table below tabulates the changes in the STI between 24 December and 31 December of each year.

Year

24-Dec

7 days after

Change

2013

3127

??

??

2012

3168

3167

0.0%

2011

2676

2646

-1.1%

2010

3143

3190

1.5%

2009

2837

2897

2.1%

2008

1736

1761

1.4%

2007

3434

3482

1.4%

2006

2942

2985

1.5%

2005

2328

2347

0.8%

2004

2055

2066

0.5%

2003

1725

1764

2.3%

2002

1337

1341

0.3%

2001

1581

1623

2.7%

2000

1902

1926

1.3%

1999

2446

2479

1.3%

1998

1392

1392

0.0%

1997

1573

1529

-2.8%

1996

2187

2216

1.3%

1995

2287

2266

-0.9%

1994

2219

2239

0.9%

1993

2326

2425

4.3%

1992

1488

1524

2.4%

The STI rose 18 times out of 21 years, better than the study of STI seven days before Christmas. In 1997, the STI declined 2.8% and it was due the onset of Asian Financial Crisis 1997/98.

As for this year, will the STI be better than 3127 points touched on 24 December 2013? Will the STI return to positive territory since the start of this year? (STI on 1 January 2013 = 3167.)

With the year-end window dressing often carried out by some fund managers, my sense that STI will be better than 3,167 points.

(STI was at 3,149 points on 27 December 2013)

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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