1:20 PM
Admin
Weekly wrap of STI:
Singapore shares rose for their 1st weekly gains after 5 weeks of decline, as easing fears of an early exit of U.S. monetary stimulus soothed investors' nerves and sent global equity market higher. Straits Times were headed for its biggest monthly loss in more than a year with a nearly 5% decline in June.
STI opens with gap down @ 3104.28 then it made weekly low@ 3066.41 , just as previous week and took support at this level and recovers , made week high @ 3162.92 finally STI closed above 3150 mark @ 3150.44 with weekly gain of 25.99 points up by 0.82% WoW basis.
Singapore is set to show Asia Pacific's lowest earnings growth rate of 8% for forward 12 months versus an average increase of 17.3 % for the region.
Macro-Economic Factors:
According to the Monetary Authority of Singapore, CPI all items inflation rose slightly to 1.6% in May from 1.5% in April. Service Inflation picked up to 2.5% in May from 2.2% in April; Food Prices were up by2% from last month 1.8%. Accommodation climbed by 5.1 % in May up from 2.4 in April.
Posts
