Dear readers, the Singapore stock markets benchmark indicator, the Straits Times Index (STI) closed 1.72% lower today! A southing for the Singapore stocks markets of this magnitude has not been noted for quite some time already! And hence today’s closing of the STI is really noteworthy.
Two likely key reasons for the drop in the STI, which I read of: a likelihood of an earlier tapering of interest rates by the US Federal Reserves and a new strain of Covid-19 that may not be very welcome by the world.
Top losers for the STI today include:
Genting Singapore stock (-4.22%)
SIA stock (-3.81%)
Thai Beverages stock (-2.80%)
Jardine C&C stock (-2.78%)
Capitaland Integrated Commercial Trust (-2.67%)
Jardine Matheson Holdings stock (-2.48%)
Wilmar International stock (-2.32%)
SATS stock (-2.21%)
ComfortDelgro stock (-2%)
The following STI stocks went down by between 1.3% to 1.95%:
Hongkong Land
ST Engineering stock
UOL stock
DBS stock
Venture stock
UOB stock
OCBC stock
YangZiJiang stock
Keppel Corporation stock
Sembcorp Industries stock
Mapletree Commercial Trust
Frasers Logistics and Commercial Trust
Ascendas Reit
The following STI stocks went down by between 1.03% to 1.22%:
Singtel stock
Capitaland Invest stock
Mapletree Logistics Trust
The following STI stocks went down by between 0.37 % to 0.98 %:
City Development stock
SGX stock
DairyFarm stock
Keppel DC Reit
Mapletree Industrial Trust
Yes, Mapletree Industrial Trust was best STI performer today, going south 0.37%.
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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