Last week, global markets presented a mixed bag of outcomes as investors veered from early week optimism to a more cautious and realistic outlook. In Singapore, the Straits Times Index dipped slightly, whereas Wall Street saw a modest rally, guided by varied economic clues and robust corporate earnings.
Highlighting Singapore’s Stock Activities for the Week
Performance of the Straits Times Index (STI)
The STI faced a minor drop of 0.1%, closing the week at 3,877.50 on Friday. This was after briefly touching record levels earlier in the week. However, selling pressures, especially in key sectors, curbed the initial buoyancy in the market.
Singapore Exchange (SGX: S68) Observations
Singapore Exchange had a bit of a tumble, marking the week’s biggest fall as it dropped 5.8% to settle at S$12.69. This decline ensued after the exchange went ex-dividend.
Hongkong Land (SGX: H78) Insights
Meanwhile, Hongkong Land offered some positive news as it surged 4.1% to US$4.35, securing its position as the top performer on the STI. Investors continue to have faith in the property developer’s ambitious expansion strategies and see promising long-term opportunities.
Seatrium (SGX: 5E2) Activity
Seatrium saw a flurry of trading activity, with 51.9 million shares changing hands on Friday alone, resulting in a 1.2% uptick for this frequently traded stock.
