STI flirts with 5,000: Yangzijiang and AEM set the pace on SGX in the week ahead

The Straits Times Index nearly hit 5,000 on Friday, ending the day at 4,995.07, up 0.6%. When the Singapore Exchange returns on Monday, traders will be eyeing that threshold. Yangzijiang Shipbuilding soared 10.7% and AEM surged 17.4%. Venture Corp, on the other hand, dropped 7.5%. Roughly S$3.2 billion in securities changed hands. “Asia’s appeal to global investors is set to become more pronounced,” wrote Eli Lee, chief investment strategist at Bank of Singapore.