Lifetime Membership On 22 February 2024, Dow Jones hit a fresh record of 39,069 points on the back of a stellar earning report by Nvidia. The stupendous form of US stock market has given investors plenty to cheer about amid the uncertain global economic condition. On the other hand, Singapore’s Straits Times Index (STI) has been in awful form for the past one year, falling from 3,282 points on 24 February 2023 to 3,184 points on 23 February 2024. The insipid form of SGX stocks must have left many Singapore investors feeling exasperated.
What is the Singapore stock market current and near-term performance? An SG Wealth Builder Lifetime Member enquired about this interesting question. From the various articles in this blog, followers should probably know by now that I usually do deep dive on SGX stocks. I rarely gave a general overview of the performance of SGX stocks nor make forecast of the stock market performance as I want to avoid making sweeping statements.
Nonetheless, at the request of the SG Wealth Builder Lifetime Member, I shall offer my take on the SGX stock market’s current and foreseeable performance. Just a word of disclaimer: I am vested in some of the SGX stocks covered in this article.Read more