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STI buoyed by property stocks

In print this week

STI buoyed by property stocks

Ko Ding Wei Published on Fri, May 12, 2017 / 12:12 PM GMT+8

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SINGAPORE (May 12): The Straits Times Index has been buoyed this year by increasing investor confidence, rallying by 12.8% in the year to May 9.

Eight of the 17 constituents that have outperformed the STI are property-linked counters. They include industrial real estate investment trust Ascendas REIT, up 17.8% this year, and industrial conglomerate Keppel Corp, up 16.6%.

The second-best performer on the index is Global Logistic Properties, which has gained 33.2%.

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