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