Key Indices
Top Stories
Sector Update | REITs
- An influx of safe-haven liquidity and low domestic interest rates have led to a record volume of transactions for commercial properties, encompassing office and retail properties. Thus, the S-REIT sector is supported by firm asset valuation and continued low cost of debt. Maintain OVERWEIGHT.
Market Spotlight
- US stocks were mixed on Wednesday. The Dow Jones and S&P 500 fell while the Nasdaq rose as the consumer staples, healthcare and industrials sectors slid. There were more decliners than advancers on both the NYSE and Nasdaq.
- The FSSTI fell 38.96pt to 5,675.88, on the back of weakness in OCBC, DBS and Singtel, with mid-cap indices falling while small-cap indices rose with a broad market decline on S$2.54b turnover.
Technical Analysis
Hong Fok Corp (HFC SP)
- Trading Buy Range: S$0.895-0.900
DBS Group (DBS SP)
- Trading Sell Range: S$77.76-77.78
Top Stories
Sector Update | REITs
- An influx of safe-haven liquidity and low domestic interest rates have led to a record volume of transactions for commercial properties, encompassing office and retail properties. Thus, the S-REIT sector is supported by firm asset valuation and continued low cost of debt. Maintain OVERWEIGHT.
Market Spotlight
- US stocks were mixed on Wednesday. The Dow Jones and S&P 500 fell while the Nasdaq rose as the consumer staples, healthcare and industrials sectors slid. There were more decliners than advancers on both the NYSE and Nasdaq.
- The FSSTI fell 38.96pt to 5,675.88, on the back of weakness in OCBC, DBS and Singtel, with mid-cap indices falling while small-cap indices rose with a broad market decline on S$2.54b turnover.
Technical Analysis
Hong Fok Corp (HFC SP)
- Trading Buy Range: S$0.895-0.900
DBS Group (DBS SP)
- Trading Sell Range: S$77.76-77.78
Key Indices
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