SG stocks to benefit from MAS reforms

By Reuters

Nov 20, 2024 12:24 am

SINGAPORE — Southeast Asia's top-performing stock market in 2024 is likely to continue its momentum into next year as Singapore unveils measures to revive its stock market, according to analysts at Morgan Stanley.

Singapore's Straits Times Index, comprising 30 biggest companies in the city-state, hit a 17-year high on Tuesday, bringing its year-to-date gains to 17 percent. It has outperformed regional peers, with the MSCI index of Asean stocks up 10 percent over the same period.

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