Given that the S&P500 is near its recent high again, European mkts are looking good and the Greater China mkts are having a ball, this extract on our market from CNA 31st March seems appropriate:
Going into the second quarter, analysts are optimistic that the upward trend will continue. Major events at home, such as the SEA Games, are expected to have positive spill-over effects – particularly in the transport, tourism and hospitality sectors.
However, a major downside risk could be the impending US interest rate hike. Analysts said that if the roll-out is properly managed, the effect on equities could be minimised.
Said Mr Nicholas Teo, market analyst at CMC Markets: “The other driver is that global liquidity will still be fairly good, despite the potential US rate hike; I think that process will be managed, and with that management.
“I think equities will still be the asset class that will dominate this year. Singapore sits nicely in Asia and we will see a benefit of that fund flow coming through. So with that, Singapore would probably ride that wave.”
Die Die don’t blame me if you believe these guys.
Q1 winners and losers for momentum players
Singtel was one of the top performers for the quarter, with its share price jumping 12.3 per cent. It was followed closely behind by property developer Hongkong Land, with returns of 11.7 per cent.
Sector-wise, telecommunications and real estate investment trusts (REITs) continued to do well -even as commodity-related sectors, such as commodity suppliers and offshore and marine, underperformed.
I’ll take my dividends, Reits’ payouts and be content.