Dear readers, the STI carried out a good rebound of 1.14% north yesterday to reach a close of 3,516.23. To appreciate the rally, let us look at the STI ETF, an ETF which tracks the STI. When the Singapore stocks markets corrected recently, the STI ETF went to a low of $3.35 on 9 Feb 2018. Yesterday, the STI ETF, buoyed by the STI rally went to a high of $3.52. This means that if an investor has bought into the STI ETF at $3.35 for a cool 3,000 shares at a total investment of $10,050 and sells the ETF at $3.52 for a profit of $0.17 per ETF share (around 4.82% profit margin), the investor would have profited a cool $510 before transaction fees.
