S'pore bourse up 50%
Investors confident; GDP data today may signal recession's end
By Yang Huiwen 
The Singapore market has fared better than the major US and European indexes in the past year. -- ST PHOTO: MUGILAN RAJASEGERAN
THE local stock market has chalked up spectacular gains of 50per cent so far this year, outperforming other major financial markets.
The gains are reflected in Bloomberg data.
Analysts say that in recent months, with Singapore firms reporting better-than-expected second quarter earnings, the Straits Times Index has risen because investors are confident that the worst is over.
Singapore also posted gross domestic product (GDP) growth in the second quarter compared with the first quarter. The release of third-quarter GDP estimates today is likely to cement the good news and confirm that the recession is over.
Hence, businesses are more optimistic. According to data compiled by Thomson Reuters, Singapore companies expect an overall earnings' improvement of 8.1per cent compared with last year.
The Singapore market has also benefited from an inflow of liquidity due to the stimulus efforts undertaken by governments around the world, including the United States and China.
Source:
http://www.straitstimes.com/Breaking...ry_441110.html 
S'pore bourse up 50% 
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