STI generates -7.4% total returns

Its 30 constituents averaged a total return of -9.6%.

The Straits Times Index (STI) generated a total return of -7.4% for investors in the 2018 year-to-date, an update from Singapore Exchange (SGX) revealed.

The 30 constituents of the Index, which have a combined market capitalisation of over $500b, averaged a total return of -9.6% in the 2018 year-to-date. This brings their 12-month returns to -8.8% and three-year total returns to +12.9%.

Total YTD returns for individual firms ranged from -36.3% for palm oil company Golden Agri-Resources to 15.1% for Hong Kong retail company Dairy Farm International.

Singapore Press Holdings began the September quarter earnings reporting season on 15 October and other STI constituents will be following suit in the following weeks. Keppel Corp is expected to release their Q3 earnings on 18 October while Singapore Exchange will unveil its results on 19 October.