STI hits new 2021 high at 3,270.65

This takes the 2021 YTD total return to 18%. 

The Straits Time Index (STI) set a new record with gains on the 8 November morning reaching 3,270.65. 

This level was last seen in January 2020 with a high of 3,283.89. 

The recent record has also resulted in a boost to its 2021 year-to-date gain to 17.9% as of the end of 8 November’s morning session. FTSE Asia Pacific Index has also quadrupled its return due to this. 

42 of the 100 most traded Singapore stocks also generated price returns in excess of 0.8%. Overall, these 100 stocks make up 70% of the total stock market capitalisation of all stocks on the Singapore Exchange, as well as contribute at least 85% of the day-to-day turnover. 

Average price performance had a skewed gain of 10.4, as the 100 stocks generated a median decline of 1.4%. Real estate stocks led the local market, along with energy, technology, and industrial sectors for the period. In particular, the two strongest STI stocks over the period were HongKong Land and CapitaLand Investment.

Meanwhile, the 10 strongest performers of the 100 stocks were all non-STI stocks. They are Geo Energy Resources, Rex International Holding, Raffles Medical Group, Frencken Group, Tuan Sing Holdings, Hatten Land, CFM Holdings, Propnex, and IFAST. Key themes amongst the 10 revolve around energy prices, semiconductor demand, resilient investment, earnings growth, provision of COVID-19 testing equipment and ongoing strategic initiatives and corporate restructures.