, Singapore

This is the sorry state of the STI's most active stocks

Nearly all counters booked massive declines.

It is proving to be a difficult year for some of the largest stocks on the benchmark Straits Times Index. A report released by the SGX showed that eight out of the ten most active STI stocks have registered negative total year-to-date returns, with the ten most active stocks averaging a negative 10.3% total return in the year thus far.

The worst performing STI constituent is commodity trader Noble Group, which has declined by over 60% in the year so far. The next worst-performers include offshore player Keppel Group and agribusiness firm Golden Agri-Resources, which have both declined by over 18%.

Other STI stocks which registered losses in the year thus far include Global Logistic Properties, CapitaLand, CapitaLand Mall Trust, Ascendas REIT and Yangzijiang Shipbuilding.

Only two counters out of the ten most active STI stocks managed to book gains in the year thus far. Market operator SGX has a measly year-to-date return of 0.5%. while transport operator ComfortDelGro boasts a 17.8% YTD return.

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