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!

Meanwhile, a record 583 non-landed homes sold for more than $2m each in the first nine months of the year.
The merger will create a flagship pan-Asia logistics and high-tech S-REIT.
It is followed closely by the identification app SingPass.
The index tracks REITs in the APAC region with higher dividend yields and positive environmental attributes.
Both companies will create training programs to support digital entrepreneurship and digital upskilling for Grab partners.
The deal is focused on M1’s network assets. 
This is a part of the Lion City's bid to become a global maritime knowledge and innovation hub.
Risks, however, are present with the financial troubles faced by the real estate sector in China. 
This comes as more Singaporeans turn to gaming in the midst of the pandemic. 
Retail sector has experienced the “most disruptions” with the changing restrictions.
The company was commended for being a global and regional sector leader in five categories.
The CEO designate said he aims to drive development in the company’s business units.   Gary Ho,  who played an instrumental role in the Initial Public Offering (IPO) of Nanofilm Technologies International Limited, has been appointed Chief Executive Officer of the company.
Analysts said strong leasing activity in Q3 played a factor.
Islandwide prime retail rents saw a dip by 0.6% q-o-q. 
Jardine Cycle & Carriage, Keppel Corporation and Frasers Logistics & Commercial showed the most growth.