STI at the end of 2014?

We have 10 more trading days till the end of 2014. What will be the Straits Times Index (STI) on the last trading day of the year?

The STI was 3,167.43 points as at 31 December 2013. Will the STI be better or worse off compared to last year? As of today, the STI declined 0.90% to end at 3,294.14. It is still 4.0% higher than at the start of 2014.

Looking at the 30 component stocks making up the STI, the table below shows 11 stocks extracted for special mention. The market capitalisation was compared between end of October and end of November. (Source: The Straits Times, 15 December 2014).

Market capitalisation at 28 November 2014
Counter % change from Oct 31
DBS 7.3
OCBC 6.0
UOB 4.3
Thai Bev -14.4
Keppel Corp -4.6
SIA 8.9
ST Engineering -10.1
Sembcorp Ind -6.2
Sembcorp Marine -14.0
Golden Agri-Res -11.5
SIA Engineering -13.6

The banking stocks and SIA had positive impact on the STI.

What were dragging down the STI were Keppel Corp, Sembcorp Industries, Sembcorp Marine, ST Engineering, SIA Engineering, Thai Beverage and Golden Agri-Res (to name a few).

When oil prices were declining rapidly, Keppel Corp, Sembcorp Industries and Sembcorp Marine took a big hit on their share prices. SIA on the hand was the beneficiary of this.

Can 10 more days make a significant impact on the stock prices? Anything can happen. The current uncertainty of oil prices would move the stock market for this year.

Copyright © 2014, 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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