Singapore’s stock market is in the “final ‘despair’ phase”, say DBS analysts Yeo Kee Yan and Janice Chua who think this stage begun on June 10 when the Straits Times Index (STI) was at 2,800 points.

“This is typical of the last phase of the bear market characterised by the worsening headline news, earnings losses, ‘no end in sight negative sentiment’ and investors’ disinterest in stocks,” the duo point out in an August 6 note.

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