Potential Drivers of the Straits Times Index in 4Q20
Singapore is expected to show signs of a 3Q20 recovery in its highly services-orientated economy from 2Q20 following the lifting of CB Measures. For the remainder of the 2020, the Banks, Real Estate and Industrial Sectors will be large determinants of the STI’s performance which will take cues from both these domestic and external drivers. Since 1985, the STI has averaged a 4% gain in the fourth quarter of the year.