4 ways the local market saw action in small- and mid-cap stocks

SINGAPORE (July 25): Equity markets have turned firmer after early jitters following Britain’s vote to quit the European Union last month, as investors envisaged greater stimuli implemented by central banks to quell post-Brexit chills.

An improving US economy added to the upbeat sentiment. This, however, again raised fears of at least one interest rate hike by the US Federal Reserve before year-end.

Meanwhile, investors shrugged off lacklustre economic numbers. On July 18, International Enterprise Singapore said that Singapore’s non-oil domestic exports contracted 2.3% y-o-y in June, following an 11.6% rise in May. However, the reading still beat consensus estimates for a decline of 3%, according to a Bloomberg poll.

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