Cyclical stocks linked to domestic consumption expected to benefit

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SINGAPORE's transition towards Phase 3 as the city-state joins the rest of the world to roll out vaccines to its citizens will be a boost to the local market, particularly for cyclical stocks with exposure to domestic demand, according to analysts. Read more at The Business Times.

Investor and business sentiment has been lifted by optimism for a pick-up in economic activity following PM Lee's announcement that Phase 3 of Singapore's reopening will start on Dec 28.

SINGAPORE's transition towards Phase 3 as the city-state joins the rest of the world to roll out vaccines to its citizens will be a boost to the local market, particularly for cyclical stocks with exposure to domestic demand, according to analysts.

 

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