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CDL is best-performing STI stock in June

Analysts credit this to the property developer's return to the FTSE EPRA/NAREIT Global Developed Index
Tuesday, June 21, 2016 - 05:50
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Property developer City Developments (CDL) is the best-performing Straits Times Index (STI) stock month-to-date, and analysts say it is because of its reinstatement to the FTSE EPRA/NAREIT Global Developed Index.

Singapore

PROPERTY developer City Developments (CDL) is the best-performing Straits Times Index (STI) stock month-to-date, and analysts say it is because of its reinstatement to the FTSE EPRA/NAREIT Global Developed Index.

CDL is up 6.3 per cent so far in June. Year-to-date, it is