The STI rallied more than 20% since the recent low of 1,457.0 just early March this year. Last week STI moved past 1700.
It is still anyone guess whether the bull will maintain momentum (in the year of the ox no less). Last Friday’s gloomy comments by US financials BOA and JPMorgan Chase that March had been a bad month could well put a brake on the run.
As mentioned last week, it is time to selectively invest at this point which could likely be near the bottom.
Straits Times Index
Chart from Yahoo Finance
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