Top 5 Singapore Exchange (SGX) stocks of the week
Here are the best performing STI Index constituents for the week ending 19 June 2020, based on IG data.
Asia’s stock markets remained in kangaroo mode this week, as concerns surrounding a second wave of Covid-19 infections – largely thanks to new clusters detected in China and the US – continued to mar investor sentiments.
As IG Asia market strategist Pan Jingyi noted in a weekly market preview, the lack of any new catalyst had resulted in ‘markets trading in a muted manner into the end of the week here in Asia’.
Singapore’s blue-chip stock benchmark Straits Times Index (STI Index) closed the week at 2647 points – flat from the week’s opening mark, based on IG trading data.
More than two-thirds of the 30 stocks tracked by the STI Index saw their share prices decline this week. Meanwhile the average increase of the top five gainers this week stood at +2.9% - lower than recent weeks.
Here are the Singapore Exchange’s (SGX) top-performing equities for the week ending 19 June 2020.
1. Venture Corporation share price: +6.64%
Technology group Venture Corporation finished the week at S$16.26 per share, an increase of 6.64% from the opening mark of S$15.25.
The stock is up 2.21% so far in the month of June 2020.
2. Mapletree Logistics Trust share price: +2.96%
Supply chain-centric and Singapore-focused Mapletree Logistics Trust ended the week at S$1.95 per share, up 2.96% from Monday’s starting price of S$1.89.
The stock is down nearly 3% this month.
3. Ascendas-REIT (A-REIT) share price: +2.26%
Singapore’s largest real estate investment trust by market capitalisation Ascendas REIT (A-REIT) closed the week’s proceedings at S$3.17 a share. This represents an increase of 2.26% from Monday’s buy-in rate of S$3.10.
The stock has gained roughly 1% so far this month.
4. Thai Beverage (ThaiBev) share price: +1.44%
Thailand-founded beer and beverage manufacturer Thai Beverage (ThaiBev) concluded Friday at S$0.705 a share, up from Monday’s set-off point of S$0.695. This represents an increase of 1.44% for the week.
The stock has risen 9.3% throughout the month of June 2020.
5. Genting Singapore share price: +1.17%
Hospitality group Genting Singapore saw its share price rise 1.17% this week, finishing at S$0.78 per share, up from S$0.77 on Monday morning.
The stock closes the month of June 2020 with a 2.5% drop.
How to trade Singapore stocks with IG
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