πππHistory was made today! For the first time ever, our very own Straits Times Index has smashed through the 5,000 barrier, proving to the world that the "sleepy market" is wide awake and more powerful than ever!
Why Is STI Hitting Record Highs?
The rally is being driven by a perfect alignment of domestic and global factors:
Banking Powerhouses: Singapore's 3 major banks - DBS $DBS(D05.SI)$
Government Revitalisation: Investors are responding positively to government led initiatives and review groups aimed at bolstering the Singapore equities market and unlocking value.
Safe Haven Status: Amid global geopolitical uncertainties, Singapore has reinforced its reputation as a "safe haven" for capital, drawing in investors seeking stability.
Strong Fundamentals: A robust Singapore dollar and attractive dividend yields continue to outpace regional peers, making the local market highly appealing.
Why Investors Choose the STI
Reliable income: The STI is world renowned for its high dividend yields - historically around 3 to 4%, offering a steady stream of passive income tax free.
Stability and Resilience: With heavy exposure to established bluechips companies and low exposure to volatile tech stocks, the STI typically experiences lower volatility than other major indices.
Diversification: Investing in STI through $STI ETF(ES3.SI)$
Concluding Thoughts
To every investor who bought and held the STI ETF through the ups and downs: Today is the day we celebrate this remarkable achievement! The charts aren't just showing the numbers. They are showing the heartbeat of a world class financial titan.
Hold your head high Singapore. The best is yet to come! π₯°π₯°π₯°ππππ°π°π°πΈπ¬πΈπ¬πΈπ¬
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