FTSE ST Mid Cap Index down 2.4% in October

Find out the top 5 defensive performers.

As noted in the earlier Market Update on the Straits Times Index (STI), the S&P 500 has declined 5.3% in the month to date. The FTSE ST Mid Cap Index is made up of 50 constituent stocks that are the next 50 largest capitalised index stocks after the 30 STI stocks.

As of yesterday's open, the FTSE ST Mid Cap Index had maintained a decline of 2.4% for the month which brought the year to date total return of the Index to 6.5%.

According to SGX, the five most defensive performers in the FTSE ST Mid Cap Index over the first eight sessions of October were generated by Singapore Post, Asian Pay Television Trust, GuocoLeisure, SATS and Suntec REIT.

Together these five securities averaged a 1.2% gain over the eight sessions. Of the 50 FTSE ST Mid Cap Index constituents, one in five had generated price gains in the month to date.

As of the open today, the FTSE ST Mid Cap Index maintained a decline of 2.4% in the month thus far. Taking into account of the dividend distributions for 2014, the FTSE ST Mid Cap Index generated 2014 year-to-date gain of 6.5%.