Singapore stocks: STI resumes Wednesday afternoon trading, down 0.1% on day

📆 2020-03-04 10:40:00
📰 BusinessTimes

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SINGAPORE equities resumed trading on Wednesday afternoon with slight losses, with the Straits Times Index (STI) down 4.17 points or 0.1 per cent to 3,015.39 as at 1.04pm. Read more at The Business Times.

The local banks were the main laggards on the STI due to the effect Fed cuts will have on net interest margins.

Conversely, real estate investment trusts , which are key beneficiaries of reduced borrowing costs, outperformed the broader market. Mapletree Commercial Trust added S$0.07 or 3.3 per cent to S$2.20, while Mapletree Logistics Trust gained S$0.03 or 1.6 per cent to S$1.92. The latter of the two Mapletree Investments sponsored Reits was upgraded by UOB Kay Hian to"buy" with an increased target price of S$2.08.

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Singapore stocks: STI resumes Tuesday afternoon trading, up 0.9% on daySINGAPORE equities resumed trading on Tuesday afternoon on higher ground, with the Straits Times Index (STI) advancing 25.88 points or 0.9 per cent to 3,033.60 as at 1.05pm. Read more at The Business Times.
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