SINGAPORE: Singapore’s main stock index is on track to have its best annual performance since 2017, but any celebrations over the Straits Times Index’s (STI) 15% gain so far this year are likely to be overshadowed by doubts about what lies ahead.
Even with the index hovering near its record high for weeks, investors said the bourse is a shadow of its former self, with delistings outnumbering new listings, the membership less diverse and prominent regional companies such as Grab Holdings Ltd and Sea Ltd going public elsewhere.
