The Straits Times Index, comprising the 30 biggest listed companies, hit a 17-year high on Nov 19, bringing its year-to-date gains to 17 per cent. It closed at 3,757.97 on Nov 19.
It has outperformed regional peers, with the MSCI index of Asean stocks up 10 per cent over the same period.
Analysts are bullish on the overlooked market in the near term, citing the Monetary Authority of Singapore's (MAS) efforts to boost stock markets and the US election uncertainty favouring defensive positioning.
This story is from the November 20, 2024 edition of The Straits Times.
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This story is from the November 20, 2024 edition of The Straits Times.
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