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MARKET NEWS

US stocks were lower after the close on Thursday, as losses in the industrials, consumer staples and financials sectors led shares lower. At the close of the NYSE, the DJIA fell 1.59% while the S&P 500 index was down 1.19%, and the NASDAQ Composite index slid 0.44%. Falling stocks outnumbered advancing ones on the NYSE by 2,151 to 1,221 and 108 ended unchanged; on the Nasdaq Stock Exchange, 2,394
declined and 2,139 advanced, while 208 ended unchanged. (Source: WSJ, CNBC)

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During the last trading session, the FSSTI index rose 12.39pt to 3,086.70. Among the top active stocks were Sembcorp Marine (+2.5%), Yangzijiang Shipbuilding (-0.7%), ComfortDelGro (-0.7%), Jiutian Chemical (+1.3%) and Thomson Medical (+3.7%). The FTSE ST Mid Cap index was up 0.2% while the FTSE ST Small Cap Index rose 0.3%. The broader market saw 237 gainers and 217 losers with total trading value of S$1.21b.

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WHAT’S IN THE PACK

Singapore Sector Update: Singapore REITS – S-REITs biweekly updates (16-30 Sep 21).

We expect the surge in daily COVID-19 cases to peak in October and stabilise thereafter. Thus, we advocate accumulating reopening plays during this month of heightened uncertainty and
volatility. BUY hospitality REITs ART (Target: S$1.16) and FEHT (Target: S$0.71). BUY retail REITs FCT (Target:
S$3.06) and LREIT (Target: S$1.01)…

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Singapore Airlines (SIA SP) – Trading BUY

Price was supported by the base line which is acting as support at the moment. The MACD is still rising after having a bullish MACD crossover that hints at potential upside…

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Wilmar International (WIL SP) – Trading BUY

Price managed to stay above the middle Bollinger band, which is also the 20-day moving average, after creating a rising window on 28 September. The Stochastic is still strong and bullish…