Dear readers, let us take a look at the top winning and losing Singapore Straits Times Index (STI) stocks for the week ended 17 Sep 2021.
The top three STI winner stocks and their weekly gains are as follows:
City Developments stock: 8.70%
Mapletree Commercial Trust: 1.92%
Mapletree Industrial Trust: 1.39%
The top three STI loser stocks and their weekly gains are as follows:
Jardine Matheson Holdings stock: -4.29%
Hongkong Land Holdings stock: -5.62%
Genting Singapore stock: -6.37%
It is definitely a reverse of fortunes for the top winning and losing stocks.
For the trading week ended 10 Sep 2021, HongKong Land stock was the top gainer with a 13.74% weekly gain, only to give up 5.62% and emerged as one of the worst-performing stocks in the following week.
City Development stock was the worst-performing stock for the trading week ended 10 Sep 2021 with a 2.77% weekly loss, only to top STI with a weekly gain of 8.70% in the following week.
Hence, the STI is now driven by selective stocks, it is not a uniform bag of gains for the constituents. This shows that there are not many catalysts for the Singapore stocks markets and investors are into the markets on certain market themes only.
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