Best-performing SGX stocks of the week: CapitaLand, DBS, CapitaMall Trust

Here are the top five STI Index share price gainers for the week ending 03 July 2020, based on IG trading data.

This week, the Straits Times Index (STI Index) rallied nearly 2.5%, following the release of better-than-expected economic data from China and the US.

Of the 30 blue-chip stocks tracked by the STI, only six companies witnessed a share price decline by the end of the week, thanks to the improved trading sentiment.

Here are the Singapore Exchange’s (SGX) top gainers for the week ending 03 July 2020.

1. CapitaLand share price: +6.3%

Singapore real estate group CapitaLand experienced a larger-than-normal spike this week, as it successfully concluded its annual general meeting, during which it declared a full-year dividend per share sum of S$0.12.

The stock finished the week at S$3.04 per share, an increase of 6.3% from an opening mark of S$2.86.

IG data showed that ‘buys’ formed 51% of all trades for the CapitaLand counter this week, with 97% of client accounts with open positions expecting the price to rise.

IG's industry-leading trading platform allows you to see the latest trading activities and client sentiments of over 17,000 markets. Open a live or demo IG account today.

2. Jardine Cycle & Carriage share price: +4.02%

Jardine Cycle & Carriage (C&C), the investment holding arm of the Jardine Matheson Group in Southeast Asia, ended the week at S$20.98 per share, up 4.02% from Monday’s starting bid price of S$20.17.

IG data showed that ‘buys’ formed 52% of all trades for the Jardine C&C counter this week, with 88% of client accounts with open positions expecting the price to rise.

3. DBS Group share price: +3.6%

Singapore’s largest money lender DBS Group Holdings performed better than the other local financial institutions this week, as it closed proceedings at S$21.57 a share. This represents a growth of 3.6% from Monday’s buy-in rate of S$20.82.

IG data showed that ‘buys’ made up 52% of all trades for the DBS Group counter this week, with 81% of client accounts with open positions expecting the price to rise.

4. CapitaMall Trust share price: +3%

Retail-centric real estate investment trust CapitaLand Integrated Commercial Trust concluded Friday at S$2.06 a share, down 3.0% from Monday’s launch price of S$2 per share.

IG data showed that ‘buys’ formed 59% of all trades for the CapitaMall Trust counter this week, with 84% of client accounts with open positions expecting the price to rise.

Are you looking to trade stocks of Singapore companies without having to buy and sell the actual assets? IG's CFD trading option allows you to do just that.

5. City Developments share price: +2.96%

Property developer City Developments saw its share price ascend 2.96% this week, finishing at S$8.70 per share, versus S$8.45 on Monday morning.

IG data showed that ‘sells’ made up 62% of all trades for the City Developments counter this week, with 79% of client accounts with open positions expecting the price to rise.

How to trade Singapore stocks with IG

Are you feeling bullish or bearish on DBS, CapitaLand and other 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:

  • Create a live or demo IG Trading Account or log in to your existing account
  • Enter <company name> in the search bar and select it
  • Choose your position size
  • Click on ‘buy’ or ‘sell’ in the deal ticket
  • Confirm the trade

Read more: Top 5 Singapore stocks for week ending 26 June 2020: Wilmar, ComfortDelGro, SATS

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