SINGAPORE (June 29): The benchmark Straits Times Index (STI) fell 1.9% to 2,579.28 points from last week’s 2,629.69 points on Monday.
This came following news on June 26 that Singapore’s factory output reported a 7.4% y-o-y contraction in May.
See: Singapore's factory output falls into the red after two months of outstanding growth
Singapore’s core consumer price index (CPI) or inflation also remained in negative territory in May.
See also: Singapore's headline and core inflation falls further in May
Of the 30 STI constituents, only Ascendas REIT, Genting Singapore, Mapletree Industrial Trust, and Wilmar International saw gains of 1.0%, 0.7%, 3.2%, and 5.2%, respectively.
On Sunday (June 28), the Singapore Tourism Board and the Ministry of Trade and Industry gave Genting Singapore and Marina Bay Sands, as well as other tourist attractions, the green light to resume operations on July 1.
See also: Dice to resume rolling at Singapore casinos on July 1
Mapletree Industrial Trust announced on June 23 that it will be acquiring the remaining 60% interest in data centres in the US. The deal will further expose MIT’s exposure to the more resilient data centre segment, which will enable MIT to future-proof its portfolio for a more digital economy.
See also: Mapletree Industrial Trust to acquire remaining 60% interest in 14 data centres in US for $299.5 mil
Wilmar International’s shares gained on news of its impending subsidiary’s IPO in the Chinese market.
See also: Wilmar a 'buy' as it is one step closer to its China IPO
This valuation table will be updated at noon on Monday each week.
Read all the STI watch articles here.
