The STI has soared over 12% this year. Here’s how much analysts predict it can still rise

[SINGAPORE] Amid several global headwinds this year, analysts are positive on the Straits Times Index (STI), with many raising their targets recently.

This comes on the back of new measures by the government to enhance equity market returns in the city-state, via the “value unlock” package and the Equity Market Development Programme (EQDP).

Separately, the Singapore Exchange on Sep 22 also launched a new index – the iEdge Singapore Next 50 Index – tracking the performance of the next 50 stocks outside the flagship 30-stock mainboard.