The STI breaking 5,100 is less about euphoria and more about flows. With global investors hunting yield and stability, Singapore's bank-heavy index has become a defensive destination. The real question is not whether records keep falling, but whether breadth widens beyond the three banks and Singtel. Until REITs and mid-caps join, this stays a narrow, top-heavy rally, strong but exposed to any rate surprise.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
