Top 5 Singapore Exchange (SGX) stocks of the week
Here are the best performing STI Index constituents for the week ending 29 May 2020, based on IG data.
Asia’s financial markets found themselves in a slight rut this week, with protests reignited in Hong Kong as the Chinese government officially passed an unpopular national security bill concentrated on the financial hub on Thursday 28 May 2020.
Renewed US-China tensions in the form of trade sanction threats in response to the bill had also resulted in the Hang Seng Index shaving off 2% of its valuation.
Singapore’s blue-chip stock benchmark Straits Times Index (STI Index) was also somewhat impacted, falling 0.25% in the process. The STI closed the week at 2509, based on IG trading data.
Here are the Singapore Exchange’s (SGX) top-performing equities for the week ending 22 May 2020.
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Here are the Singapore Exchange’s (SGX) top-performing equities for the week ending 22 May 2020.
1. Mapletree Logistics Trust share price: +12.3%
Logistics-focused real estate investment trust (REIT) Mapletree Logistics Trust finished the week at S$2.05 per share, an increase of 14.5% from the opening mark of S$1.79.
The stock closes the month of May 2020 with a 14% upside.
2. CapitaLand Mall (CapitaMall) Trust share price: +7.9%
Retail-centric REIT CapitaLand Mall Trust – the first REIT ever listed on the SGX, ended the week at S$2.04 per share, up 7.9% from Monday’s starting price of S$1.89.
The stock gained 13.3% in the month of May 2020.
IG is a world-leading online trading and investments provider for thousands of financial markets. With CFDs, you can buy long or sell short on Mapletree Logistics Trust, CapitaLand Integrated Commercial Trust, and other Singapore REITs depending on whether you think prices will rise or fall. Start today by opening a live or demo IG account.
3. CapitaLand Commercial Trust share price: +7.4%
Singapore’s first and largest commercial real estate investment trust (REIT) CCT-SG closed the week’s proceedings at S$1.74 a share. This represents an increase of 7.4% from Monday’s buy-in rate of S$1.62.
The stock is up nearly 13% in the month of May 2020.
4. Jardine Cycle & Carriage (C&C): +6.4%
Jardine Cycle & Carriage (C&C), the investment holding company of the Jardine Matheson Group in Southeast Asia, concluded Friday at S$21.86 a share, up from Monday’s set-off point of S$20.55. This represents an increase of 6.5% for the week.
The stock rose 9.4% throughout the month of May 2020.
5. Singapore Airlines (SIA) share price: +4.9%
National carrier Singapore Airlines saw its share price rise 4.9% this week, finishing at S$3.82 per share, up from S$3.64 on Monday morning.
The stock closes the month of May 2020 with a 35.8% decline.
How to trade Singapore stocks with IG
Are you bullish or bearish on SIA, Jardine C&C and other Straits Times Index (STI Index) stocks? Either way you can buy (long) or sell (short) the asset using derivatives like CFDs in a few easy steps:
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