𝐌𝐚𝐫𝐤𝐞𝐭 𝐖𝐫𝐚𝐩 (𝐖𝐞𝐞𝐤 𝐞𝐧𝐝𝐞𝐝 𝟒/𝟗/𝟐𝟔)
Another week, another milestone for the $STI(STI.SI). 😃
The index crossed 5,800 for the first time, touching a fresh ATH of 5,814. From last Friday’s 5,699 to around 5,806 as of Friday noon, that is a gain of more than 100 points in just a week. The trend remains firmly positive, although after such a strong run, I would not be surprised to see the market catch its breath along the way.
News-driven catalyst wise, $Sembcorp Ind(U96.SI) remains on my watchlist, particularly with the proposed India IPO of Sembcorp Green Infra potentially providing another catalyst, although there is of course no certainty that it will materialise. The share price moved from $5.83 last Friday to as high as $6.21 this week, before settling around $6.15 as of Friday noon, still a healthy 5.5% weekly gain.
$Addvalue Tech(A31.SI) had another remarkable week. After last week’s surge following CLSA’s “high-conviction outperform” initiation with a $0.27 target, the stock extended its run to touch $0.205 before easing to $0.196 as of Friday noon. Adding fuel to the story, the company announced another US$5 million of new space connectivity and digital radio orders, lifting its order book to US$20.23 million and providing further visibility into FY2027.
With oil prices staying elevated, perhaps it is no surprise that $First Resources(EB5.SI) continued its multi-week uptrend. From last Friday’s $4.47, the stock touched another high of $4.72 this week, representing a gain of around 5.6% at the peak. Momentum remains strong, although after several weeks of gains, I would be watching whether the share price can continue to hold its trend as it moves into increasingly elevated territory.
And finally, something new joined the Singapore market this week. The 𝐂𝐆𝐒 𝐅𝐮𝐥𝐥𝐠𝐨𝐚𝐥 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 𝐍𝐞𝐱𝐭 𝟓𝟎 𝐀𝐜𝐭𝐢𝐯𝐞 𝐄𝐓𝐅 $A CGS FG Next50 SGD(Q50.SI) officially began trading on SGX. I was at the opening bell, and what I find relevant is that it gives investors another way to participate beyond the familiar STI heavyweights, combining the diversification of an ETF with active stock selection. The bell has rung, but as with any investment, from here, the portfolio has to do the talking. 🔔
Rgds!
Dan
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