STI - 10 Consecutive Days of Falling

SGinvestors.io

SELL in May and go away?

• The Straits Times Index (STI) closed lower for the past 10 trading days consecutively. 
• The index has retreated 8% since the recent peak of 2960.78 hit 10 trading days ago (21-Apr-2016) and closed at 2730.80 yesterday (06-May-2016).
• Among the STI component stocks,
  • OVERSEA-CHINESE BANKING CORP (O39.SI) & UNITED OVERSEAS BANK LTD (U11.SI) closed lower for all the 10 days, while 
  • SINGAPORE EXCHANGE LIMITED (S68.SI), CITY DEVELOPMENTS LIMITED (C09.SI) & JARDINE CYCLE & CARRIAGE LTD (C07.SI) closed lower in 9 out of the 10 days. 
  • Share price of JARDINE CYCLE & CARRIAGE LTD (C07.SI) tumbled more than 20%.

Performance of STI Component Stocks (From 21-Apr-2016 To 06-May-2016)

THAI BEVERAGE PUBLIC CO LTD (Y92.SI)

+3.5%

0.740

SATS LTD (S58.SI)

+1.7%

4.200

SIA ENGINEERING CO LTD (S59.SI)

1.1%

3.800

STARHUB LTD (CC3.SI)

0.0%

3.320

WILMAR INTERNATIONAL LIMITED (F34.SI)

-2.2%

3.480

CAPITALAND MALL TRUST (C38U.SI)

-3.3%

2.050

SINGAPORE AIRLINES LTD (C6L.SI)

-3.9%

11.150

CAPITALAND COMMERCIAL TRUST (C61U.SI)

-4.1%

1.405

ASCENDAS REAL ESTATE INV TRUST (A17U.SI)

-4.4%

2.410

SINGTEL (Z74.SI)

-5.3%

3.760

SINGAPORE EXCHANGE LIMITED (S68.SI)

-5.8%

7.350

COMFORTDELGRO CORPORATION LTD (C52.SI)

-6.1%

2.770

DBS GROUP HOLDINGS LTD (D05.SI)

-6.3%

14.870

SINGAPORE PRESS HLDGS LTD (T39.SI)

-6.8%

3.860

HONGKONG LAND HOLDINGS LIMITED (H78.SI)

-6.8%

6.040

CAPITALAND LIMITED (C31.SI)

-7.2%

2.980

GLOBAL LOGISTIC PROP LIMITED (MC0.SI)

-8.1%

1.810

UOL GROUP LIMITED (U14.SI)

-8.5%

5.730

HUTCHISON PORT HOLDINGS TRUST (NS8U.SI)

-8.6%

0.425

SINGAPORE TECH ENGINEERING LTD (S63.SI)

-9.2%

3.140

UNITED OVERSEAS BANK LTD (U11.SI)

-10.1%

17.790

YANGZIJIANG SHIPBLDG HLDGS LTD (BS6.SI)

-11.3%

0.905

SEMBCORP INDUSTRIES LTD (U96.SI)

-11.7%

2.720

CITY DEVELOPMENTS LIMITED (C09.SI)

-11.7%

8.000

OVERSEA-CHINESE BANKING CORP (O39.SI)

-11.9%

8.330

KEPPEL CORPORATION LIMITED (BN4.SI)

-13.3%

5.200

GOLDEN AGRI-RESOURCES LTD (E5H.SI)

-14.0%

0.370

GENTING SINGAPORE PLC (G13.SI)

-15.2%

0.755

SEMBCORP MARINE LTD (S51.SI)

-16.0%

1.570

JARDINE CYCLE & CARRIAGE LTD (C07.SI)

-20.3%

35.060