The benchmark Straits Times Index inched down 0.4% to 3,135.97 point by 12:39 p.m.. Trading volume was just above 20% of its 90-day daily average turnover.
MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.2% lower, after data showed the Chinese economy grew slightly faster than expected in 2013 but economists expect the pace to slow down this year.
Ascendas Real Estate Investment Trust , which reported a 2.2% fall in DPU (distribution per unit) despite a 6.5% rise in net income in the third quarter of financial year 2014, rose as much as 0.9% to $2.17 before paring some gains to drop to $2.16.
Challenges facing Singapore’s industrial property market are weighing down on REITs, analysts said.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment