Singapore Inventory Market Assessment: Keppel DC REIT to Be part of Straits Occasions Index

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Singapore Inventory Market Replace (Week of 16 October 2020)

Singapore’s inventory market benchmark, as represented by the Straits Occasions Index (STI), closed at 2,533.02 factors on 16 October. It ended the week virtually unchanged from 2,532.96 final Friday.

Of the 30 STI elements, 11 completed within the inexperienced, 15 had been within the pink, whereas 4 had been flat for the week.

The largest winners of the index had been:

The largest losers of the index had been:

Right here’s a chart exhibiting the weekly STI motion:

STI chart from SGX (for week of 16 Oct)
Supply: SGX

Adjustments to the Straits Occasions Index

One more actual property funding belief (REIT) will be part of the STI from the reserve listing, following Mapletree Industrial Belief‘s (SGX: ME8U) entry in June this 12 months.

Keppel DC REIT (SGX: AJBU) is poised to turn out to be an STI element on 19 October 2020 because it was the most important inventory on the STI reserve as of 14 October.

The change is as a result of deletion of CapitaLand Business Belief (SGX: C61U) from the index to organize for its merger with CapitaLand Mall Belief (SGX: C38U).

The newly-merged entity shall be referred to as CapitaLand Built-in Business Belief (CICT).

With that, the STI reserve listing can have 4 elements after Monday (so as of market capitalisation as of 14 October):

The reserve listing shall be up to date to 5 corporations through the subsequent STI evaluate in December.

Valuation Knowledge of the Straits Occasions Index

The SPDR STI ETF (SGX: ES3), an exchange-traded fund (ETF) that may be taken as a proxy for the index, ended the week with the next valuations:

SeedlyReads Funding Content material for the Week 

In case you missed out, listed below are some funding articles revealed this week:

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Disclaimer: The knowledge offered by Seedly serves as an academic piece and isn’t meant to be personalised funding recommendation. ​Readers ought to at all times do their very own due diligence and think about their monetary objectives earlier than investing in any inventory. The author could have a vested curiosity within the corporations talked about.

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