Singapore Shares Rise, Tracking Wall Street Gains
Dow Jones2022-04-20
Singapore's FTSE Straits Times Index rose 0.85% to close at 3335.32, tracking Wall Street gains overnight.
Tuesday's Fed speakers refused to be as bullish as St. Louis Fed President James Bullard, which prompted "fast money" to pile back into a hope versus reality rally, Oanda senior market analyst Jeffrey Halley says.
Best performers on the STI included Genting Singapore, climbing 2.5%, and Singapore Technologies Engineering, adding 1.7%.
Banks were also higher, with UOB rising 2.2%, OCBC gaining 1.7% and index heavyweight DBS up 0.7%.
Meanwhile, Keppel DC REIT slid 5.9% after its 1Q net property income fell on year.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
