STI looks set to end the year higher; both earnings and yield growth expected in 2020
SINGAPORE (Dec 20): Singapore’s open economy makes it vulnerable to the ebb and flow of global trade. This inevitably has an impact on the local stock market.
Throughout 2019, the Straits Times Index has been volatile, hitting several peaks and troughs, amid the heightening trade tensions between the US and China. From a low of 3,012.88 points in January, the benchmark index hit a 12-month high of 3,407.02 points in April, before retreating to close at 3,206.09 points on Dec 16, making a 5.5% gain year to date.