- On a market cap-weighted basis, the STI outperformed our Singapore Stock Alpha Picks (Aug 2023) portfolio by 0.3ppt, which was helped by our industrial stock picks. On a price-weighted and market-cap weighted basis, however, our portfolio significantly underperformed due to SEA Ltd.
- - Read this at SGinvestors.io -
- For Sep 23, due to favourable tailwinds for its data centre segment, we add Mapletree Industrial Trust while removing Raffles Medical from our Alpha Picks portfolio.
Market review.
- - Read this at SGinvestors.io -
- However, softening US jobs data at the end of Aug 23 raised the odds of a pause in interest rate hikes, lifting markets slightly with the STI ending up 4.2% lower m-o-m. (See also SGX market update: Institutions & Individual Investors Net Buyers of Singapore Stocks in August)
Soft performance in August
- Read more at SGinvestors.io.
