Home Capital STI watch

STI shares dip despite June Nodx gains

Thiveyen Kathirrasan & Felicia Tan
Thiveyen Kathirrasan & Felicia Tan7/20/2020 01:07 PM GMT+08  • 1 min read
STI shares dip despite June Nodx gains
Despite the positive showing, as well as the gradual re-opening of tourist attractions and hotels, most of the STI constituents remained in the red.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (July 20): The Straits Times Index (STI) dipped 0.8% to 2,608.82 from last week’s 2,631.08 despite the rebound in June’s non-oil domestic exports (NODX) numbers released on July 17.

June’s numbers surpassed even the 8% growth by private-sector economists, according to a Bloomberg poll.


See: Non-oil domestic exports makes surprising rebound in June

The increase was boosted by non-electronic shipments, and non-monetary gold.

Despite the positive showing, as well as the gradual re-opening of tourist attractions and hotels, most of the STI constituents remained in the red.

Surprisingly, SATS Limited saw a 3.6% increase w-o-w despite analysts turning negative on the stock following its 4Q20 losses. Singapore Exchange Limited (SGX), Singapore Telecommunications (Singtel), Venture Corporation, and Wilmar International also saw gains of 1.2%, 0.3%, 0.8%, 1.5%, and 3.8% respectively.

Read all the STI watch articles here.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.