The Straits Times Index (STI) slid 0.8% to 2512.61 on Monday (Sept 7) at noon from last week’s 2532.51 on the back of a continued decline in tech stocks in the US last Friday (Sept 4).

Despite Singapore’s retail sales remaining in the red during the first full month following the lifting of the circuit breaker measures in June, CapitaLand Mall Trust (CMT) and Mapletree Commercial Trust (MCT) gained 0.5% and 3.1% w-o-w respectively.

CMT also gained following SGX’s approval in-principle on August 31, for the manager of CMT to list up to 2.78 billion new units issued as part consideration for the merger between CMT and CapitaLand Commercial Trust (CCT).

Conversely, CCT remained flat upon news of its delisting once the trust scheme becomes effective.

Shares in ComfortDelGro rose after analysts anticipate a stronger recovery for the stock once Phase 3 kicks in.

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sti sept 7