Sector outperformers during the month were real estate, services and utilities; while transport, retail and staples underperformed. Among the MSCI Singapore index stocks, the outperformers were Keppel, Singapore Exchange (SGX) and CapitaLand Investment (CLI); while the underperformers were Wilmar, Singapore Airlines (SIA) and Sea.
The MSCI Singapore Free SGD index (SIMSCI) ended June at 409.26 points, up 2.54 points m-o-m, or 0.62%; having set another high in early-June before giving up some gains in the subsequent weeks.
The Singapore and global markets will focus on the US tariff reprieve, which is set to expire on July 9, setting the tone for future direction of global markets, according to CGS International Research’s June 30 note.
