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From defence to dividends: The best performing STI components are riding big global currents

From defence to dividends: The best performing STI components are riding big global currents

By Kim Browne

Culture

Betting that laggards will quickly catch up with the leaders could be a mistake in the current thematic, growth-oriented market environment

There was no shortage of worrying news headlines on the geopolitical front last week – from Poland shooting down Russian drones, to Israel attacking Hamas in Qatar.

Yet, there was little sign of fear or pessimism in global financial markets. In fact, the possibility of a wider military conflict in Europe just seemed to stoke enthusiasm for hot defence stocks.

BAE Systems, Rheinmetall and Rolls-Royce were up last week by 11.3 per cent, 8.7 per cent and 5.4 per cent, respectively. The Stoxx Europe 600 index ended last week more than 1 per cent higher.

Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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From defence to dividends: The best performing STI components are riding big global currents | Grazia British