STI ends 2019 in the black after roller-coaster year

Analysts eyeing catch-up rally in the new year should trade and manufacturing recover

An electronic stock board of a securities firm in Tokyo in December. Except for Malaysia, which ended the year in the red, the rest of Asia's share markets stayed in the black after hopes of a United States-China trade war truce helped erase losses i
An electronic stock board of a securities firm in Tokyo in December. Except for Malaysia, which ended the year in the red, the rest of Asia's share markets stayed in the black after hopes of a United States-China trade war truce helped erase losses in the home stretch of last year.PHOTO: ASSOCIATED PRESS

Singapore's stock market ended last year in the black - albeit as one of the region's underperformers - with some analysts seeing opportunities for a catch-up rally in the new year if an upturn in manufacturing and trade materialises.

Amid a volatile year, the Straits Times Index (STI) managed a 5.02 per cent gain despite two major sell-offs in May and August last year.

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A version of this article appeared in the print edition of The Straits Times on January 01, 2020, with the headline 'STI ends 2019 in the black after roller-coaster year'. Subscribe