STI declines 2.5% in the first four weeks of 2024

Singapore stock market booked $125.8m of net institutional inflow.

The STI declined 2.5% for the first four weeks of 2023 with the iEdge SG Advance Manufacturing Index declining 5.1%, SGX reported.

In the same period, the Singapore stock market booked $125.8m of net institutional inflow whilst regional industrial stocks fell behind APAC markets.

Meanwhile, Yangzijiang Shipbuilding led Singapore’s stock index to gain 12.1% whilst the industrial sector booked the most net institutional inflow at $103.7m.

ALSO READ: Sustained growth seen for SGX-listed F&B operators, says expert

The industrial sector recorded 12 stocks with double-digit Return-on-Equity (ROE) at 10% or higher. Amongst these stocks, Samudera Shipping Line recorded the highest ROE of 45%.

Meanwhile, Catalist-listed Ley Choon Group Holdings was the least performing of the 12 stocks with a 14.3% decline in the first four weeks of 2024 after generating a 147.1% return in 2023.

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