STI April average total return at 2.1%

Keppel Corp, Jardine C&C and CapitaLand Invest take over April STI.

The Straits Times Index (STI) consolidated in April with a total return rate of 2.1% in the January to April period, according to data from the Singapore Exchange (SGX).

“During April, institutions were net sellers of Singapore stocks, with S$261 million of net institutional outflows. This was the least amount of monthly net institutional outflows since net inflows were booked in November 2022.” the SGX said.

Its monthly percentage trading range had been narrow since February 2015. The four-month return was also the average between the total returns of the FTSE APAC index of 3.3% and FTSE ASEAN all-share index of 0.8%.

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Keppel Corporation, Jardine Cycle & Carriage and CapitaLand Investment hoisted a total return average of 0.9% in April, making them the top three firms in the Straits Times Index (STI), reported the SGX.

The four-month total returns of Keppel Corp, Jardine C&C, and CapitaLand stood at 34.3%, 18.5%, and 5.4%, accordingly.

Bucking the trend, equities that declined the most in April with a 6.2% average were SATS, City Developments and Wilmar International.