The Straits Times Index (STI) was up 1.33% or 37.47 points to 2,859.17 as at 1.13pm on Dec 14 amid the rollout of Covid-19 vaccines in Canada, the UK and the US.
Week-on-week, the index was up 1.19% from 2,825.51.
Majority of the 30 constituents were in the green with CapitaLand Integrated Commercial Trust (CICT) leading the charge with a 6.5% w-o-w gain.
On Dec 9, DBS Group Research called the REIT a “bargain” as it was trading at attractive valuations of close to 1.0x P/NAV.
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Surprisingly, shares in Singapore Telecommunications (Singtel) fell 2.1% w-o-w even though the telco, together with Grab Holdings, secured one of four digital bank licences from the Monetary Authority of Singapore (MAS) on Dec 4.
On Dec 7, analysts from DBS Group Research and CGS-CIMB Research said they viewed the win as a “positive longer-term development” for Singtel.
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