Straits Times Index is now a top winner among major stock indices despite global market downturn

Straits Times Index is now a top winner among major stock indices despite global market downturn
Photo by Mike Enerio / Unsplash

About five months ago, I expressed confidence in Singapore's stock market in the coming years. Straits Times Index did not let me down.

As a Singaporean, I am proud that the Straits Times Index(STI) is a world stock index leader (as of 28Jan2022 year-to-date). An admirable achievement for a stock index which has been shunned by even Singaporeans for the past several years.

STI didn't decline much in this week of carnage. That is a show of strength in a week of carnage.

STI has been jokingly coined Simply Terrible Index for its laggard performance. In 2021, STI's moderately strong performance relative to other stock indices gave it a better name Slightly Tolerable Index. Today, STI can be called Slightly Terrific Index. While STI is the number 1 winner today (Terrific), 3.93% gain year-to-date is nothing to shout about (only Slightly Terrific).

I eagerly await the day when STI becomes Superbly Terrific Index. Let's see how it goes by end of 2022.


FTX is the crypto exchange that I use the most. This referral code (not mine) offers 10% discount when others are 5% only. If you are keen, please read my FTX review

I use Tiger Broker app regularly because of its user-friendliness. If you are keen to try out, please read my review about Tiger Brokers and sign up if you like Tiger.