The STI fell 4 points, or 0.2% to close at 2,511 on Friday, extending previous session’s losses amid worries over US-China tensions after China approved a new security law for Hong Kong. US President Trump is expected to give a press conference later in the day regarding the American response to the Hong Kong law. Meantime, Singapore’s health ministry reported on Friday 611 new coronavirus infections, bringing it to a total of 33,860 cases, as the country prepares to exit the circuit breaker period and enter Phase 1 of reopening the economy on June 2nd. For the week the index rose 0.4% while for the month dropped 4.3%.
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 May of 2020.
The Singapore Stock Market (STI) is expected to trade at 2468.41 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 2352.53 in 12 months time.