Stocks to watch: SGX, FEHT, Wing Tai, PropNex, First Reit, QAF, Cordlife

THE following companies saw new developments that may affect trading of their securities on Wednesday (Feb 12).

Singapore Exchange (SGX) : The total securities market turnover value on the SGX increased 1 per cent year on year to S$20.8 billion in January, with the Straits Times Index hitting a 17-year high and exchange-traded funds’ assets under management rising to a record level. January’s total market turnover volume fell 31 per cent to 19.1 billion shares. Shares of SGX rose 0.7 per cent or S$0.09 to S$13.79 on Tuesday, before the news.

Far East Hospitality Trust (FEHT) : Its manager on Wednesday posted a distribution per stapled security of S$0.0208 for the second half ended December, down 4.1 per cent from S$0.0217 in the previous corresponding period. Distribution to stapled securityholders fell 3.6 per cent on the year to S$41.9 million, mainly due to higher finance costs and change in the proportion of the manager’s fee. Stapled securities of FEHT ended Tuesday 0.8 per cent or S$0.005 higher at S$0.605.