The Straits Times Index (STI) went through a sharp correction recently. But the index was still up 1.2% since the start of this year. What stocks did well and what stocks dragged down the STI?
|Jardine Matheson (USD)||60.75||61.98||2.0%|
|Hongkong Land (USD)||7.04||6.91||-1.8%|
|HPH Trust (USD)||0.415||0.350||-15.7%|
The big gainers were DBS (+13.8%), Venture Corp (11.9%), Keppel Corp (+8.0%), SIA (+6.7%) and SemCorp Ind (+6.3%).
The big losers were HPH Trust (-15.7%), CapitaComm Trust (-9.8%), StarHub (-9.8%), and CapitaMall Trust (-8.5%).
I noted that the Real Estate Investment Trusts (Reits) were hammered down due to potential increase in higher credit costs in the future. The Telcos (Singtel and StarHub) did badly too.
SPDR STI ETF remained relatively stable thanks to the outlier performance of DBS and Venture Corp despite gloomy performances of the bottom-performing stocks.
The STI was up a mere 1.2% after losing the 6.0% gain made on 24 January 2018.
Copyright © 2018, limkimtong for Living Investment
The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.