The STI added 11 points, or 0.4% to close at 2,483 on Monday, extending previous session’s gains supported by hopes of a quick economic recovery as latest Chinese data industrial profits in the world’s second-largest economy jumped 19.1% in August, the 4th successive month of gains. At the same time, reports that Singapore’s central bank is in talks with lenders about extending the nation’s debt moratorium program beyond December 31st to provide extra relief for borrowers hit by coronavirus fallout lifted investors’ sentiment. Starting today, more workers in Singapore may return to their workplaces, while work-related events in offices were allowed to assume.
Historically, the Singapore Stock Market (STI) reached an all time high of 3906.16 in October of 2007. Singapore Stock Market (STI) - data, forecasts, historical chart - was last updated on September of 2020.
The Singapore Stock Market (STI) is expected to trade at 2441.80 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2327.16 in 12 months time.