This week’s review, brought to you in collaboration with the Securities Investors Association Singapore (SIAS), dives into the latest movements in the global equity markets. We’ll also take a closer look at CapitaLand Integrated Commercial Trust (CICT) and Mapletree Industrial Trust (MINT).
For a more detailed breakdown of the developments we’re watching this week, be sure to catch the accompanying video.
### Weekly Market Review
#### 1:59 – Macro Update
In the past week, global markets delivered mixed results. We saw both the S&P 500 and Nasdaq sliding by 0.5%, with the Dow Jones dropping 0.6%. Contrary to these declines, Singapore’s Straits Times Index (STI) experienced a 0.8% increase. This uptick was largely driven by economic growth in Singapore that outstripped expectations, with GDP jumping 4% in 2024—the most significant rise since 2021. While momentum picked up in the second half of this year, anticipations for 2025 suggest growth leveling off to between 1% and 3%. This is due to various global uncertainties, like potential shifts in U.S. policy. The gains in the STI were also bolstered by rising oil prices, which lifted the mood surrounding oil and gas stocks, even as real estate investment trusts (REITs) made modest recoveries despite…
