Businesstimes reported that:
SINGAPORE's benchmark Straits Times Index (STI) rose 0.76 per cent or 22.49 points to close exactly at 3,000 on Thursday, touching this level for the first time since March last year. Across the broader market, gainers outnumbered losers 276 to 203, after 2.52 billion securities worth S$1.27 billion changed hands.
As I've mentioned repeatedly, its a safe bet to buy STI ETF when STI drops below 3,000 as it will recover. This time round, it took less than a year to recover. There is no guarantee of a straight line recovery but by year end, STI should still be above 3,000.
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