Singapore stock market continued to perform well amid signs of recovery in the domestic and global market.

The stock market reported a gain of 50 per cent so far this year as compared to low performance by major international stock exchanges. The surge in stock market is also indicated in Bloomberg data.

The rise in Straits Times Index reflects investor's confidence for making investments in the city-state. It is a common perception in financial circles that worst has been over and the economy will again report robust performance in coming quarters as a result of measures taken by the government.

Singapore's gross domestic product (GDP) also reported growth in the second quarter as compared to previous quarter under improved investor's confidence. GDP figures for the third quarter are also expected to remain strong as per preliminary analysis of data.

Thomson Reuters recently compiled data indicates that business world is more confident and earning of Singapore based companies reported rise due to increase in inflows and higher liquidity due to the stimulus efforts undertaken by major economies across the globe.