Positive midweek performance for STI

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It was a mixed day for Asian equities, but the local market fared better than many regional peers. The Straits Times Index (STI) gained 10.96 points or 0.3 per cent to close at 3,340.42. Across the Asia-Pacific, markets in Australia, Hong Kong and South Korea...

It was a mixed day for Asian equities, but the local market fared better than many regional peers.Across the Asia-Pacific, markets in Australia, Hong Kong and South Korea finished higher; China, Japan and Malaysia ended lower.

ComfortDelGro, which garnered much attention from investors this week on hopes of public transport fare revisions, closed $0.02 or 0.7 per cent down at $2.82 on 10.8 million shares traded. The brokerage's head of research Joel Ng said ComfortDelGro's dividend yield for the year up to Tuesday"has compressed to 3.7 per cent for FY2019, which is among the lowest in our high-dividend watch list".

 

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