S’pore stocks to gain from MAS reforms

Analysts are bullish on the overlooked market in the near term, citing central bank’s efforts to boost stock markets and the US election uncertainty favouring defensive positioning. — Bloomberg

SINGAPORE: South-East Asia’s top-performing stock market in 2024 is likely to continue its momentum into next year as Singapore unveils measures to revive its stock market, according to analysts at Morgan Stanley.

Singapore’s Straits Times Index, comprising 30 biggest companies in the city-state, hit a 17-year high yesterday, bringing its year-to-date gains to 17%.