SUBSCRIBERS

Investors make a play for Reits

Possibility of Fed rate cut has Reits trading above their average daily volumes and outperforming the benchmark STI

Published Thu, Jun 6, 2019 · 09:50 PM

TRADE tensions and growth worries continued to plague the local equity market, but investors took heavily to indicators that the US Federal Reserve could lower interest rates in the near future, giving rise to activity in real estate investment trusts (Reits).

Singapore's Straits Times Index (STI) closed at 3,146.18, up 3.81 points or 0.1 per cent on Thursday.

IG market strategist Pan Jingyi noted: "The STI had largely oscillated near neutral …

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes