The Straits Times Index (STI) saw more gains than losses this week following an increase in August’s non-oil domestic exports (NODX) numbers released on September 17.
See: Recovery in electronics exports pushes Singapore's NODX up by 7.7% in August
To be sure, the gain on August’s NODX numbers were mainly due to a surge in non-electronic shipments – a possible nod to the rising e-commerce sector.
The benchmark STI gained 0.8% to 2,503.6 on Monday afternoon (September 21) from last week’s 2,482.55.
This week, the top gainers were Sembcorp Industries, Mapletree Industrial Trust (MINT), and Wilmar International.
The counters grew 15.1%, 6.3%, and 6.3% respectively w-o-w. This was possibly due to the completion of Sembcorp’s rights issue, the acquisition of another US data centre for MINT, and Wilmar’s impending China IPO.
See also: PhillipCapital starts Sembcorp Industries at 'buy' on completion of rights issue, DBS maintains 'buy' on Mapletree Industrial Trust on improved earnings visibility, and Analysts cheer for Wilmar as China listing is a go
Read all the STI watch articles here.
