Dear readers, the Singapore Straits Times Index (STI) closed the trading week ended 28 May 2021 at 3,178.55 up by 2.21% for the week. It seems to me that the Singapore stocks markets is up on track ever since the announcement two weeks ago of the heightened alert posture which Singapore has entered into as evident by the consecutive second week of gain for the Singapore stocks markets.
Let us take a look at how the individual STI component stocks have fared for the week, starting with the top ten STI performers for the week.
Sembcorp Industries stock: +10%
Genting Singapore stock: +6.96%
SATS stock: +5.87%
OCBC stock: +4.78%
SIA stock: +3.98%
Keppel Corporation stock: +3.47%
Venture stock: +3.33%
ComfortDelgro stock: +3.07%
Hongkong Land stock: +2.94%
City Development stock: +2.69%
On the other side of the spectrum, let us take a look at the worst five STI performers for the week.
DairyFarm International stock: -0.68%
Thai Beverages stock: -0.71%
Mapletree Industrial Trust: -1.13%
Frasers Logistics and Commercial Trust: -1.39%
Keppel DC Reit: -3.02%
I would think there are still volatilities in the larger stocks markets with a correction to come at the first sign of any perceived weakness in the markets. Hence, my suggestion for investors who want to invest now is to enter the markets in tranches and set aside some warchest when a next bigger correction comes.
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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