Dear readers, the US stocks markets have headed to noteworthy lows this week, following US Federal Reserves’ announcement of interest rates hikes.
Singapore stocks, as measured by the Straits Times Index (STI) also responded in a similar fashion, closing for the week in negative territory.
However, there are several stocks that bucked the general trend of the downward movement, at least for now. Based on yesterday’s closing, a number of Singapore Reits and Trusts closed higher, despite the STI closing flat and a number of STI stocks falling into the red:
Keppel DC Reit: 2.63%
Mapletree Industrial Trust: 1.63%
Capitaland International Commercial Trust: 1.41%
Mapletree Logistics Trust: 1.23%
But it is not all positive for the Singapore STI Reits and Trusts as there are three that closed flat or lower:
Frasers Logistics and Commercial Trust: 0%
Ascendas Reit: -0.36%
Mapletree Commercial Trust: -0.56%
However, given still a majority of Singapore STI Reits and Trusts bucking the general Singapore stocks trends to close higher, have investors flocked to Singapore Reits and Trusts as what may be considered safe havens, notwithstanding that higher interest rates may also impact cost of borrowing for Reits and Trust?
Investors with an interest in Reits and Trusts must know that when stock markets meltdown or recession comes, every investing vehicle will be hit, including Reits and Trusts.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
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