Dear readers, let us take a look at the top performing Singapore’s Straits Times Index (STI) stocks for the week ended 29 Oct 21. The top five STI performers, and their weekly gains are:
Hongkong Land stock: 5.35%
YangZiJiang stock: 2.16%
Mapletree Logistics Trust: 2.02%
Frasers Logistics and Commercial Trust: 2.01%
Mapletree Commercial Trust: 1.87%
On the other side of the spectrum, the worst performing STI performers, and their weekly losses are:
SIA stock: -1.89%
SATS stock: -2.10%
Keppel Corporation stock: -2.36%
Singtel stock: -2.72%
Venture stock: -3.14%
With three of the five best performing STI stocks made up of trusts, does it mean investors are flocking to safety? Also, we can see a number of the worst performing STI stocks being the cyclical stocks. This does reinforce the impression that investors here are getting more conservative and defensive right now.
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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