S$130 Billion Wiped Out During 2011
Friday, 30th December 2011
Singapore Shares went down 17% in year of wild swings and near panic sell-off. Almost SGD $130 Billion was wiped out from the SG share market. The market will enter 2012 with a valuation at about SGD $700 Billion. The blue-chip Straits Times Index (STI) close at 2,646.35 points. At the start of 2011, the STI it was at a high of 3,190.04.
Singapore's economy grew 4.8 per cent in 2011, significantly slower than the dramatic rebound of 14.7 per cent growth in 2010.