Dear readers, the last trading week (ended 30 Sep 22) is a week to forget for Singapore stocks markets as the benchmark indicator, the Straits Times Index went south by 3% in line with the performance of regional stock markets. This brings the year-to-date capital gain of the Singapore Straits Times Index (STI) to just 0.2%.
All 28 of the 30 STI stocks went south, with one STI stock (Genting Singapore stock) remaining unchanged.
There was one STI stock which stood out with a weekly gain when almost all other STI stocks were down. This STI stock is none other than Singtel stock, however its weekly gain is very modest, at just 0.38%.
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