Jardine Matheson Holdings Ltd. group stocks have turned from some of Singapore’s best performers to the worst this year amid a resurgence of coronavirus infections in Southeast Asia.

Shares of the venerable trading firm, which gets more than half of its annual revenue from Southeast Asia, dropped 8.6% last month, ranking it among the worst performers on the Straits Times Index. Concerns over the delta variant have punctuated a stark turnaround for the stock, which had surged 25% in March on a restructuring plan. 

Jardine group shares listed in Singapore lost a combined market value of about US$5 billion ($6.72 billion) in August, according to data compiled by Bloomberg. The slide marks a return to the losses seen last year amid the global pandemic selloff.

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