STI firms as buying continues
Acquisitions to disposals ratio was approximately 7 to 1.
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THE five sessions spanning May 19 to 25 saw the Straits Times Index (STI) add 0.6 per cent, bringing its 2017 year-to-date (YTD) total return to 14 per cent. This has continued to be the STI's strongest start to the year since 2009. Most global indices gained over the five sessions, with China indices the strongest. Yangzijiang Shipbuilding Holdings was the third strongest STI stock over the five sessions with a 5 per cent gain.
On May 25, Singapore's Ministry of Trade and Industry announced a CY2017 GDP growth forecast of one per cent to 3 per cent, with growth likely to come in above 2 per cent "barring materialisation of downside risks". Investors wishing to gauge fresh outlooks on the risk and return across different sectors can refer to full yearly financial statements lodged by more than 30 stocks over the past five sessions.
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