Singapore Stock Market Review: Keppel DC REIT to Join Straits Times Index
Singapore Stock Market Update (Week of 16 October 2020)
Singapore’s stock market benchmark, as represented by the Straits Times Index (STI), closed at 2,533.02 points on 16 October. It ended the week almost unchanged from 2,532.96 last Friday.
Of the 30 STI components, 11 finished in the green, 15 were in the red, while four were flat for the week.
The biggest winners of the index were:
- Sembcorp Industries Limited (SGX: U96) — up 8.3% to S$1.44
- Venture Corporation Ltd (SGX: V03) — up 2.5% to S$20.79
- Oversea-Chinese Banking Corp Limited (SGX: O39) — up 1.7% to S$8.74
The biggest losers of the index were:
- Genting Singapore (SGX: G13) — down 3.6% to S$0.67
- Jardine Matheson Holdings Limited (SGX: J36) — down 5.1% to US$40.72
- Jardine Strategic Holdings Limited (SGX: J37) — down 6.5% to US$19.77
Here’s a chart showing the weekly STI movement:
Changes to the Straits Times Index
Keppel DC REIT (SGX: AJBU) is poised to become an STI component on 19 October 2020 as it was the largest stock on the STI reserve as of 14 October.
The newly-merged entity will be called CapitaLand Integrated Commercial Trust (CICT).
With that, the STI reserve list will have four components after Monday (in order of market capitalisation as of 14 October):
- Frasers Logistics & Industrial Trust (SGX: BUOU),
- Suntec Real Estate Investment Trust (SGX: T82U),
- NetLink NBN Trust (SGX: CJLU), and
- Keppel REIT (SGX: K71U).
The reserve list will be updated to five companies during the next STI review in December.
Valuation Data of the Straits Times Index
The SPDR STI ETF (SGX: ES3), an exchange-traded fund (ETF) that can be taken as a proxy for the index, ended the week with the following valuations:
SeedlyReads Investment Content for the Week
In case you missed out, here are some investment articles published this week:
- When Should You Actually Sell Your Stocks?
- SPH’s FY2020 Earnings: Total Dividend Slashed by 79% on the Back of First Net Loss
- 11 Lessons From 11 Years of Investing in the Stock Market
- Fastly (NYSE: FSLY) Share Price: Why Did It Plunge 27% Today?
- [Opinion] Why I Hope SGX Will Reduce Board Lot Size to 1 Share Eventually
- [Opinion] Clipped Wings: When Will Singapore Aviation Stocks Start Flying Again?
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Disclaimer: The information provided by Seedly serves as an educational piece and is not intended to be personalised investment advice. Readers should always do their own due diligence and consider their financial goals before investing in any stock. The writer may have a vested interest in the companies mentioned.