STI Closing: 3269.5

PE10: 14.1

Sorry for not updating last month. I was really late in updating the figures and as a result, the PE10 wasn’t really a PE10. Ditto for this round but at least the delay isn’t quite so bad.

Anyway, markets are really quiet (commentators are attributing this to the World Cup) and it really seems like things could go anyway- the STI isn’t expensive by most measures, bond yields are extremely depressed (want to get paid 2.29% coupon for the next 10 years? Go buy a 10 year Singapore Government Security) BUT markets are hitting new highs in the US on shaky foundations. Go figure.

If you’re an investor, no worries. Keep calm and invest on.