Dear readers, let us take a look at the top five winner and loser Straits Times Index (STI) stocks for the week ended 4 Jun 2021.
The top five winner STI stocks and their weekly price performances are:
Genting Singapore: 3.55%
Capitaland Integrated Commercial Trust: 1.95%
City Development stock: 1.18%
DairyFarm International Holdings stock: 1.15%
Hongkong Land Holdings stock: 1.02%
The top five loser STI stocks and their weekly price performances are:
Jardine C&C stock: -1.35%
Venture Corp stock: -1.56%
Singtel stock: -1.65%
DBS stock: -2.30%
Jardine Matheson Holdings stock: -2.56%
It is noteworthy that DBS stock is one of the worst loser STI stocks for the previous week. At 3,151.04, the STI may attempt to test the 3,200 level next or it will consolidate around the 3,000 to 3,100 level.
In my opinion, there are not many macro catalysts driving Singapore stocks forward. Perhap if there are some form of easing after the Phase 2 Heightened Alert, the local stocks markets may rise a little. But other than this, Singapore stocks markets is pretty much follows the movements of the larger US, China stocks markets.
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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