STI
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🌟🌟🌟 What's really exciting today in the Singapore market is the 3 Singapore banks continuing their all time highs driving the STI Index past the 5,500 mark.
$DBS(D05.SG)recently achieved a landmark session by surpassing the SGD 70 threshold for the first time in history. Its market cap is now past the SGD 200 billion.
$OCBC Bank(O39.SG)and $UOB(U11.SG)also hit their all time highs.
The key drivers behind the market record run are:
Robust corporate earnings and wealth management boom, massive institutional inflows and flight to safety by large global funds. The Singapore banks also offer attractive dividend yields averaging 4% to 5%.
Market sentiment has also been supercharged by the Singapore Government's ongoing Equity Market Development Program.
As a long term investor in these 3 banks, I am really happy with their performance.
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