The Straits Times Index (STI) was up 14.3% since the start of 2017.
Only half of 30 component stocks of STI beat the benchmark.
|Hongkong Land (USD)||6.33||7.59||19.9%|
|Jardine Matheson (USD)||55.25||63.61||15.1%|
|HPH Trust (USD)||0.435||0.445||2.3%|
The banks and the property developers were the ones doing very well this time round.
At the bottom of the scale were well known names like SPH (-17.0%), Comfort Delgro (-7.7%), StarHub (-3.2%).
When looking at the performance of STI per se, it may look pretty impressive but water tide did not lift all boats in this case. Some stocks were performing poorly when all others were having a party. This is a two-track showing so far. The performance of the local economy and indeed the world economy has yet to be broad-based.
This makes picking winners and staying with the stocks a bit of a challenge.
If you have invested in SPDR STI ETF, the price had risen by 13.6% comparable to the benchmark (STI).
Copyright © 2017, limkimtong for Living Investment
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