A Year of Two Halves for Singapore Market in 2024
IT HAS been “a year of two halves” for the Singapore market in 2024.
Stable First Half, Sharp Rally in Second Half
While the local market remained relatively stable in the first half of this year, it saw a sharp rally in the second half, with the Straits Times Index (STI) posting its best performance since 2017. The benchmark index is up more than 16 per cent year to date, generating total returns of close to 23 per cent with dividends reinvested.
Expectations for 2025
While the Singapore market is unlikely to see a similar performance in 2025, analysts said that it will remain stable going into the new year.
Conclusion
In conclusion, the Singapore market has experienced a year of two halves in 2024, with a stable first half and a sharp rally in the second half. While the market is unlikely to repeat its 2024 performance in 2025, analysts expect it to remain stable going into the new year.
FAQs
Q: What was the performance of the Singapore market in 2024?
The Singapore market saw a sharp rally in the second half of 2024, with the Straits Times Index (STI) posting its best performance since 2017.
Q: What are the expectations for the Singapore market in 2025?
Analysts expect the Singapore market to remain stable going into the new year, but it is unlikely to see a similar performance to 2024.
Q: What was the total return of the Singapore market in 2024?
The total return of the Singapore market in 2024 was close to 23 per cent with dividends reinvested.
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