,Singapore

Strait Times Index marks strongest start to a year since 1999

STI recorded a 13.2% price gain over the first four months of 2021.

With 13.2% price gains over the first four months of 2021, this year has been the strongest start to a calendar year for the Strait Times Index (STI) since 1999.

The STI has also been the second strongest benchmark across the Asia Pacific in the 2021 YTD. Together the STI and TAIEX are the sole regional benchmarks to lodge year to date (YTD) double-digit percentage gains.

Comprising 41% of the STI weights, together DBS, OCBC & UOB saw $1.7b of combined net institutional and net proprietary inflows over the past four months, while averaging 20% total returns. Globally, banks have been the strongest stock sector in the 2021 YTD.

For the month of April, the STI added 1.7% price gains, with dividend distributions boosting the benchmark’s total return to 2.0%. The final session of April also saw the STI form a new intra-year high of 3,237.23, a level the STI has not seen since 21 January 2020.

The STI’s five strongest performers over the past four months were Yangzijiang Shipbuilding, Sembcorp Industries, Hongkong Land, Jardine Matheson and OCBC. Together, the five stocks averaged 29% total returns while the five least performing STI stocks generated a 1% decline.
 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!