If history is of any guide, could we predict how Singapore stock market would move in 2019?
Let’s see how the Straits Times Index (STI) moved last year in 2018.
|End of Month in 2018||STI||Change over previous month|
There are two months to watch out: May and October. In May 2018, STI dropped 5.14% and in October 2018 STI dropped 7.31%! June 2018 continued the downward trend of May 2018 dropping 4.65% further. From May to June, the STI was down 9.6%.
Will history repeat itself this year?
There are of course reasons for the stock markets to move. We have to wait and see how events unfold this year.
Copyright © 2019, 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.