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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Singapore market cap hits post-crisis high

Singapore market cap hits post-crisis high

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Hanoifortune

Hanoifortune
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
GLOBAL inflows into equity markets and still-attractive valuations pushed the market value of Singapore-listed stocks to a post- financial crisis high.

The total market capitalization of companies listed on the Singapore Exchange stood at $940.6 billion at the end of January, up 20 per cent from the year-ago level and 6 per cent month-on-month. That was the highest market cap since its peak in 2007, just before the global financial crisis.

Analysts saw a few factors at work. First, in the United States, legislators struck a deal that averted a "fiscal cliff".

"Globally stock markets have rallied over the month on relief that the US fiscal cliff passed," CIMB head of research Kenneth Ng said.
http://www.businesstimes.com.sg/premium/companies/others/singapore-market-cap-hits-post-crisis-high-20130202

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