Singapore Stock Market Falls 5.2% in October as Technology Shares Lead Declines
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Singapore's main stock index fell in October, according to figures from the Singapore Exchange (SGX). The Straits Times Index (STI) recorded a 5.2% total return decline for the month. Total return includes dividends paid to shareholders, so the figure shows the overall change for investors.
During the final 16 trading sessions of the month, the STI traded mostly between 5,370 and 5,450 points. This range shows that the index stayed relatively steady over that period, without large daily swings. The SGX report says that technology stocks led the declines during October.
The SGX report also noted that real estate investment trusts (REITs) were more defensive. A defensive stock or sector is one that tends to hold its value better when the wider market is falling, because demand for its products or services usually stays steady. REITs are companies that own and manage income-producing property, such as offices, shopping centres and warehouses, and they are often popular with investors who want regular income.
For Singapore investors, the October figures show that technology shares were the main source of weakness in the market, while REITs performed better. The SGX data gives a clear picture of how different sectors moved during the month.
Sources: Singapore Exchange (SGX)
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