STI declines 2.5% in the first four weeks of 2024

Singapore stock market booked $125.8m of net institutional inflow.

The STI declined 2.5% for the first four weeks of 2023 with the iEdge SG Advance Manufacturing Index declining 5.1%, SGX reported.

In the same period, the Singapore stock market booked $125.8m of net institutional inflow whilst regional industrial stocks fell behind APAC markets.

Meanwhile, Yangzijiang Shipbuilding led Singapore’s stock index to gain 12.1% whilst the industrial sector booked the most net institutional inflow at $103.7m.

ALSO READ: Sustained growth seen for SGX-listed F&B operators, says expert

The industrial sector recorded 12 stocks with double-digit Return-on-Equity (ROE) at 10% or higher. Amongst these stocks, Samudera Shipping Line recorded the highest ROE of 45%.

Meanwhile, Catalist-listed Ley Choon Group Holdings was the least performing of the 12 stocks with a 14.3% decline in the first four weeks of 2024 after generating a 147.1% return in 2023.

Follow the link for more news on

stock market

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia