- After two good years in 2021 and 2022, stocks in Singapore declined in 2023. As at 19 Dec 2023, the Straits Times Index (STI) is down 4.1%, while the rest of the region showed mixed performances, ranging from -16.4% (for the Stock Exchange of Thailand SET Index) to +24.3% (for the Taiwan Stock Exchange Weighted Index) – putting the Singapore market in exactly the “neither too hot nor too cold” situation.
Goldilocks is good to stabilise against wide volatility.
- - Read this at SGinvestors.io -
- The STI’s reduced volatility versus its peers makes it ideal to add to a diversified portfolio to reduce price movements and volatility. Market uncertainty reinforces the need for increased investments in less volatile markets.
Reprieve for Real Estate (RE) and REITs expected in 2024
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- The main factors weighing on the Straits Times Index (STI) were the weaker performances of the property and banking sectors.
- Read more at SGinvestors.io.
Above is an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.
Carmen Lee OCBC Investment Research | https://www.iocbc.com/ 2023-12-20
More views on Singapore stock market outlook & investment strategy:
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