Singapore stocks of the week: SATS, Thai Bev, CDL, Wilmar, Dairy Farm
Here are the top five STI Index share price gainers and losers for the week ending 17 July 2020, based on IG trading data.
STI Index down 2% this week
Singapore stock benchmark Straits Times Index (STI Index) fell 2% this week, amid weaker-than-expected domestic GDP data and new Covid-19 concerns.
Of the 30 blue-chip stocks tracked by the STI, only six companies witnessed share price gains by the end of the week, as investor sentiment waned.
Here are the Singapore Exchange's (SGX) top gainers and losers for the week ending 17 July 2020.
Wilmar share price: +1.41%
Agriculture and food product manufacturer Wilmar International experienced the largest share price increase this week.
The stock finished the week at S$4.32 per share, an increase of 1.41% from an opening mark of S$4.26.
IG data showed that ‘buys’ formed 55% of all trades for the Wilmar counter this week. Additionally, 58% of IG client accounts with open positions in this market currently anticipate a price increase.
SATS share price: +1.04%
Aviation ground handling operator SATS, which recently posted a net loss of S$6.3 million in its latest reporting quarter, ended the week at S$2.91 per share, up 1.04% from Monday’s starting bid price of S$2.88.
IG data showed that ‘sells’ formed 51% of all trades for the SATS counter this week. Meanwhile, 88% of IG client accounts with open positions in this market expect the share price to rise.
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Dairy Farm share price: -5.77%
Asia retail group Dairy Farm International Holdings, which operates a network of department stores and supermarkets, was the worst performer this week, as it closed proceedings at US$4.57 per share. This represents a drop of 5.77% from Monday’s buy-in rate of US$4.85.
IG data showed that ‘sells’ comprised 51% of all trades on the Dairy Farm counter this week. In the last one hour of trading, however, 100% of opened client accounts held ‘long’ positions.
Thai Beverage (Thai Bev) share price: -5%
Thailand-founded beer and beverage manufacturer Thai Beverage did not fare much better week, as it concluded the week 5% lower at S$0.67 per share.
IG data showed that ‘buys’ formed 76% of all trades on the Thai Bev counter this week. Additionally, 83% of opened client accounts currently hold a ‘buy (long)’ position on the stock.
City Developments (CDL) share price: -4.1%
Property developer City Developments saw its share price descend 4.1% this week, finishing at S$8.35 per share, versus S$8.71 on Monday morning.
IG data showed that ‘sells’ made up 60% of all trades on the City Developments counter this week. Meanwhile, 94% of client accounts with open positions expect the price to rise.
How to trade Singapore company stocks with IG
Are you feeling bullish or bearish on Straits Times Index (STI Index) stocks? Either way you can buy (long) or sell (short) the asset using derivatives like CFDs offered on IG's industry-leading trading platform in a few easy steps:
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