Market Review and Trends
Weekly Singapore Stock Market Round Up: STI Faces Headwinds, US Tech Rally Drives Nasdaq Higher
By The Smart Investor  •  October 28, 2024
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....
Read the full article
By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published. Required fields are marked *

*

Your Email Address will not be published
*

Read More Articles
More from thefinance