Monday, July 2, 2018

SINGAPORE STOCKS TRADING: WHAT’S NEXT FOR THE SECOND HALF OF YEAR 2018?

Singapore Stocks
Dear readers, the Singapore Stocks STI closed at 3,280.87 on the last day of the first half of Year 2018 (29 Jun 2018). On the first day of the trading year (2 Jan 2018), the STI opened for the year at 3,430.30, hence the STI has retreated by around 4.36% for the year-to-date. In the earlier part of May 2018, the STI was hovering around the high 3,600 mark with the highest point reached by the STI at 3,641.65. So now, for investors, as the Singapore stocks markets opens soon, what should investors expect for the second half of year 2018?
In my humble opinion, the current STI level though corrected is still on a high note since the corrections was done on the high base from Year 2017 where equities broadly has a very good time coasting. In this year, I would expect stocks to have a comparatively less bullish run than last year (as evident in the performance of Singapore stocks now). I expect macro factors like trade tensions and the rising US interest rates to continue to shape the stocks markets. Any attractive point of entry should be found at 20% off the highest trading point of STI year-to-date and that corresponds to around 2,880 for the STI. Right now, I believe the STI is consolidating or inching towards the below 3,000 level. For investors, I advise to wait for clarity before taking any fresh investment positions. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.


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