Top 5 Singapore Exchange (SGX) stocks of the week
These are the five best performing STI Index constituents for the week ending 05 June 2020, based on IG data.
Singapore’s blue-chip stock benchmark Straits Times Index (STI Index) had a good week, as it rallied nearly 9%. The STI closed the week at 2748.8 – 222 points above Monday’s opening price, IG data showed.
Of the 30 companies tracked by the STI Index, 29 posted gains this week, with Mapletree Logistics Trust the only exception.
Stock markets did well this week, as global investor sentiments improved with businesses lifting their shutters following months of movement restrictions and lockdowns.
Singapore entered a so-called ‘phase-one’ of its lockdown easing on Tuesday 02 June, with the government taking a more cautious approach to resuming normalcy.
As part of this initial reopening phase, more schools, offices and businesses – including those in the manufacturing sector – have been allowed to reopen.
Here are the Singapore Exchange’s (SGX) best performing equities for the week ending 22 May 2020.
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1. City Developments share price: +19.4%
Residential property developer City Developments finished the week at S$9.18 per share, an increase of 19.4% from the opening mark of S$7.69.
The group had finished the month of May 2020 with a 0.4% upside.
2. SATS share price: +19.2%
Singapore aviation ground handling services group SATS ended proceedings at S$3.17 per share, up 19.2% from Monday’s bid price of S$2.66.
The aviation stock fell 9.1% in May.
3. Thai Beverage (Thai Bev) share price: +15.1%
Thailand-founded beverage producer and beer brewery Thai Bev closed this week’s session at S$0.725 a share. This represents an increase of 15.1% from Monday’s buy-in rate of S$0.63.
Shares declined 8.7% across the month of May.
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4. DBS group share price: +14.4%
Singapore’s most valuable company DBS Group concluded Friday at S$22.28 a share, up from Monday’s launch mark of S$19.47. This represents an increase of 14.4% for the week.
The bank’s share price finished flat last month.
5. Jardine Strategic Holdings (JSH) share price: +14%
Investment holdings company Jardine Strategic Holdings saw its share price rise 14% this week, finishing at US$22.74 per share, up from US$19.95 on Monday morning.
The stock concluded last month’s proceedings with a 5.8% loss.
How to trade Singapore stocks with IG
Are you bullish or bearish on SATS, DBS, ThaiBev and other Straits Times Index (STI Index) stocks? Either way you can buy (long) or sell (short) the asset using derivatives like CFDs (read about CFDs here) in a few easy steps:
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