Weekly: STI flat at 5,191.73 as Local Defensives Offset ASEAN/China SDR rout

SGX_Stars
06-29 11:22

$Straits Times Index(STI.SI)$ dipped 0.02% and closed at 5,191.73, as strength in Singapore Airlines, Sembcorp, Singtel and the SMIC SDR offset a brutal selloff in Thai, Indonesian and Greater China depositary receipts.

Sectors: Specialized Consumer Services (+10.53%) led on travel and lifestyle demand. Interactive Home Entertainment (+9.76%) advanced on gaming and streaming momentum. Semiconductors (+5.53%) tracked global AI chip tailwinds.

10 Popular Stocks:

  • $SIA(C6L.SI)$ +5.08% — The national carrier rallied on resilient international passenger demand and cargo yield stability.

  • $SMIC HK SDR 5to1(HSMD.SI)$ +5.56% — The Chinese foundry's SDR advanced on domestic AI chip demand and tech-decoupling proxy positioning.

  • $Sembcorp Ind(U96.SI)$ +2.2% — The utilities provider gained on energy transition tailwinds and urban solutions momentum.

  • $Singtel 10(Z77.SI)$ +2.07% — The 10-share board lot variant edged up alongside the main board.

  • $Singtel(Z74.SI)$ +1.84% — The telecom incumbent rose modestly on defensive yield positioning.

  • $Delta TH SDR 1to1(TDED.SI)$ -10.28% — The Thai power-electronics SDR collapsed on profit-taking after its recent AI data-center power-supply rally.

  • $BBCA ID SDR 1to2(IBKD.SI)$ -8.11% — The Indonesian private bank's SDR slumped on thin-liquidity volatility and regional financial-sector rotation.

  • $Xiaomi HK SDR 2to1(HXXD.SI)$ -12.81% — The consumer electronics and EV player's SDR tumbled on China EV supply-chain margin concerns.

  • $Alibaba HK SDR 5to1(HBBD.SI)$ -14.37% — The Chinese tech giant's SDR was the week's worst performer, collapsing on Hang Seng Tech weakness and e-commerce margin fears.

Performance is subjected to market volatility

SGX this week ahead: Local defensive stocks to cushion volatility from Greater China & ASEAN SDR selloffs

Global Macro ahead:

Tuesday

Job Openings and Labor Turnover Survey (JOLTS) – U.S. Bureau of Labor Statistics

S&P CoreLogic Case-Shiller 20-City Composite Home Price Index

Consumer Confidence Index – The Conference Board

Wednesday

ADP National Employment Report

ISM Manufacturing Index (Institute for Supply Management)

Construction Spending – U.S. Census Bureau

Thursday

Nonfarm Payrolls & Unemployment Rate – U.S. Bureau of Labor Statistics

Factory Orders – U.S. Census Bureau

Weekly Initial Unemployment Claims – U.S. Department of Labor

Friday

U.S. financial markets close early pre-holiday ahead of Independence Day

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