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STI down 0.37% on muted trading, regional markets' performance mixed

CapitaLand Mall Trust, CapitaLand Commercial Trust lead losers after weak earnings last week.

Published Wed, Jul 29, 2020 · 09:50 PM

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MUTED trading continued among Singapore's blue chips, with the Straits Times Index (STI) down 9.52 points or 0.37 per cent to 2,573.45. Losers outnumbered gainers 215 to 185, after about 1.33 billion securities worth S$1.29 billion changed hands.

The biggest losers on the index were CapitaLand Mall Trust and CapitaLand Commercial Trust, which lost S$0.08 or 3.98 per cent to S$1.93, and S$0.05 or 2.89 per cent to S$1.68, respectively, after their second-quarter earnings last week showed clear strain from the Covid-19 impact.

The biggest gainer was Venture Corporation, which rose S$0.62 or 3.58 per cent to S$17.94. It was among the four most defensive stocks in the first half of this year, the Singapore Exchange (SGX) said, as technology and healthcare counters likewise propelled global indices from January to June.

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