Singapore’s Straits Times Index (SGX: ^STI) ended the week with a slight decline of 0.3%, closing at 3,593 points. Despite initially weathering the storm of global market uncertainty on Thursday, the index succumbed on Friday.
In-flight caterer and ground handler SATS LTD (SGX: S58) continued its strong performance, with shares surging 9.1% on Friday. This level has not been seen since September 2022, making it the most actively traded company in terms of value on Friday morning.
However, Mapletree Pan Asia Commercial Trust’s (SGX: N2IU) share price experienced a 5% decline after reporting weaker-than-expected quarterly results. The REIT saw lower revenue and higher property expenses, resulting in a lower net property income. Net property income declined 8.5% year-on-year. Higher finance costs also led to a drop in DPU.
DFI Retail Group Holdings Ltd (SGX: D01), the Asian retailer, gained 2.6% to close at US$2.36. However, on October 15th, the stock was the second-biggest loser in the Singapore stock market, declining 1.9% to US$2.10....