STI climbed higher

Today, the Straits Times Index (STI) reached 3,592.08 points.

Stock Index 30-Dec-16 29-Dec-17 23-Jan-18
STI (Singapore) 2,880.76 3,402.92 3,592.08

The STI had climbed 24.7% since the end of 2016. This was a phenomenal run. As a consequence, my Singapore equity portfolio reduced its loss from -20.0% to -13.9% in a matter of three weeks in 2018.

The STI had not had a good run since October 2007 (before the Global Financial Crisis) when the STI was 3,805 points. Will 3,800 points be reached?

See chart, from Yahoo! Finance.

Copyright © 2018, 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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