SUBSCRIBERS

Reits, banks hit in weak session

Sell-off in Reits sees 18 of top 20 actives close lower, resulting in 0.83% drop in FTSE FT Reit index

Published Wed, Sep 6, 2017 · 09:50 PM

THERE were no real surprises on Wednesday as the Straits Times Index (STI) dropped 18.79 points to 3,232.47 in response to Wall Street's large overnight fall that came about because of concerns over the North Korea situation and the US government's debt ceiling.

What was surprising however, was a large sell-off in real estate investment trusts (Reits) which saw 18 of the top 20 actives close lower. As a result, the FTS…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes