Signs that Omicron may not be that virulent helped push the STI up Wall St hit a new all-time high on Friday despite strong inflation data Volume here was weak, averaging just over S$1b daily Traders also watching China Evergrande after Fitch report Travel, aviation, hospitality and healthcare stocks were in play DBS: “reopening stocks’’ may be close to their bottom Keppel shareholders vote in favour of SPH acquisition As Omicron fears fade, stocks recovered The Straits Times Index rose 34 points or about 1.1% to 3,135.61 last week, helped by a firm Wall Street that rebounded strongly on early indications that the Omicron variant of Covid-19 may be less deadly or dangerous than first thought. On Friday, the S&P 500 closed at a new all-time high of 4,712 despite the release of

The STI lost 157 points or about 5% at 3,041.29 for the month In early Nov, the outlook was positive as the index crossed 3,200 Most of the selling came in final 3 days after discovery of Omicron Wall St’s plunges were accentuated by Powell’s testimony about tapering Transport and hospitality stocks took a beating, healthcare counters benefited The tussle for control of SPH heated up with counter offer from Cuscaden Peak A strong start – but a weak finish On the first trading day of November, the Straits Times Index rose smartly to regain the 3,200 level that it had just lost a few days earlier. Hopes were high that the upward momentum and the crossing of 3,200 would enable the index to push ahead and, with the re-opening of economies everywhere together with the relaxation of mea

Sudden news of South African virus variant cut 2% off the STI at 3,166.27 Biggest selling came on Friday when index tumbled 1.7% Wall St also took a hit, major indices down 2.3-2.5% after earlier rise in the week on Powell’s re-appointment as Fed chair Bonds benefited from flight to safety, US 10-year Treasury yield plunged from 1.64% to 1.48% Travel and hospitality stocks were the losers, healthcare and glove maker stocks were the winners Economy is expected to grow 3-5% next year October’s manufacturing up 16.9% New virus, new problems A large, unexpected plunge on Friday because of news of a new Covid-19 variant cut 55.35points or 1.7% off the Straits Times Index at 3,166.27 meant that for the week, the index sustained a loss of 66 points or 2%. During Asian trading hours on Fri

  After the massive rally since May by more than 100% in some of the medical counters, over the past 2 weeks we have seen 𝐇𝐄𝐀𝐕𝐘 𝐒𝐄𝐋𝐋𝐈𝐍𝐆 coming back.. 😰😰   mainly the glove makers or those with products and services that cater to the medical industry...   There are due to talks about a vaccine being found for Covid19 which may be a 𝐧𝐞𝐠𝐚𝐭𝐢𝐯𝐞 for these companies as their revenue may be hit.. 😷     Joey here, Top Tier Remisier in Phillip Securities.   A lot of clients have asked if the uptrend is over for these medical counters.   Or perhaps if it may be a good time to accumulate on the cheap since they are at discounted prices again..   Well, watched this video rec