Dear readers, the Singapore stock market benchmark indicator, the Straits Times Index, closed 1.26% lower this week.
Almost all the Straits Times Index stocks ended the week lower.
The worst performing Straits Times Index was Keppel DC Reit with a weekly loss of 5.61%. I would like to add that Keppel DC Reit was not just the worst-performing stock for the week, it was also the worst-performing Straits Times Index stock for the year to date with a year-to-date loss of 22%.
There were however two Straits Times Index stocks which closed in positive territory for the week. They are YangZiJiang Shipbuilding Holdings and Jardine Cycle & Carriage stocks.
While Jardine Cycle & Carriage stock had only a 0.95% gain for the week, YangZiJiang Shipbuilding Holdings stock had a stellar performance or a breakout performance.
The stock registered a 20.39% gain in its stock price with much of this gain (around 15%) attributed to performance of the stock yesterday and which triggered a query from SGX.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! I also run another blog Singapore Stocks Investing with similar useful insights! 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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