Top 5 Singapore Exchange (SGX) stocks of the week
These are the five best performing STI Index constituents for the week ending 05 June 2020, based on IG data.
Singapore’s blue-chip stock benchmark Straits Times Index (STI Index) had a good week, as it rallied nearly 9%. The STI closed the week at 2748.8 – 222 points above Monday’s opening price, IG data showed.
Of the 30 companies tracked by the STI Index, 29 posted gains this week, with Mapletree Logistics Trust the only exception.
Stock markets did well this week, as global investor sentiments improved with businesses lifting their shutters following months of movement restrictions and lockdowns.
Singapore entered a so-called ‘phase-one’ of its lockdown easing on Tuesday 02 June, with the government taking a more cautious approach to resuming normalcy.
As part of this initial reopening phase, more schools, offices and businesses – including those in the manufacturing sector – have been allowed to reopen.
Here are the Singapore Exchange’s (SGX) best performing equities for the week ending 22 May 2020.
Gain access to SGX, the STI Index and thousands of financial markets via IG's world-leading trading and investments platform. With CFDs, you can buy long or sell short on various asset classes depending on whether you think prices will rise or fall. Start today by opening a live or demo IG account.
1. City Developments share price: +19.4%
Residential property developer City Developments finished the week at S$9.18 per share, an increase of 19.4% from the opening mark of S$7.69.
The group had finished the month of May 2020 with a 0.4% upside.
2. SATS share price: +19.2%
Singapore aviation ground handling services group SATS ended proceedings at S$3.17 per share, up 19.2% from Monday’s bid price of S$2.66.
The aviation stock fell 9.1% in May.
3. Thai Beverage (Thai Bev) share price: +15.1%
Thailand-founded beverage producer and beer brewery Thai Bev closed this week’s session at S$0.725 a share. This represents an increase of 15.1% from Monday’s buy-in rate of S$0.63.
Shares declined 8.7% across the month of May.
IG is a world-leading online trading and investments provider for thousands of financial markets. With CFDs, you can buy long or sell short on Thai Bev, Sats and other Singapore shares depending on where you think prices will go. Start today by opening an IG account.
4. DBS group share price: +14.4%
Singapore’s most valuable company DBS Group concluded Friday at S$22.28 a share, up from Monday’s launch mark of S$19.47. This represents an increase of 14.4% for the week.
The bank’s share price finished flat last month.
5. Jardine Strategic Holdings (JSH) share price: +14%
Investment holdings company Jardine Strategic Holdings saw its share price rise 14% this week, finishing at US$22.74 per share, up from US$19.95 on Monday morning.
The stock concluded last month’s proceedings with a 5.8% loss.
How to trade Singapore stocks with IG
Are you bullish or bearish on SATS, DBS, ThaiBev and other Straits Times Index (STI Index) stocks? Either way you can buy (long) or sell (short) the asset using derivatives like CFDs (read about CFDs here) in a few easy steps:
IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.
The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. Please see important Research Disclaimer.
Please also note that the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.
Seize a share opportunity today
Go long or short on thousands of international stocks.
- Increase your market exposure with leverage
- Get spreads from just 0.1% on major global shares
- Trade CFDs straight into order books with direct market access
Live prices on most popular markets
- Forex
- Shares
- Indices
See more forex live prices
See more shares live prices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
See more indices live prices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.
