Singapore Stock Market News

Singapore - Monthly Review and Outlook

StockFanatic
Publish date: Fri, 04 Apr 2014, 10:50 AM
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REVIEW:
The FSSTI continued its fine run in March, rising 2.5% mom after rebounding 2.8% mom in February. Sentiment was helped by the Fed's clarification that despite improvements in the US economy, the Fed intends to keep monetary policy accommodative while inflation is below the Fed's long-term objective and unemployment remains high.

On the local front, M&A remains a focus with Temasek making a cash offer for Olam. Together with the perception of improving global economic growth, commodity stocks such as Noble and plantation stocks outperformed the broader market.
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