STOCKS | Staff Reporter, Singapore

Singapore's 50 largest stocks booked hefty losses in first trading week of 2016

Stocks averaged a 2.9% decline.

The 50 largest primary-listed stocks on the SGX registered a 2.9% decline in the first trading week of 2016, according to a release by the SGX.

Sixteen of the 50 largest stocks are real estate plays. Together, the 16 stocks generated a 2.1% decline last week, maintain a median P/B ratio of 0.8 and an indicative dividend yield of 5.1%.

Among the 50 biggest primary listed stocks on SGX, the three strongest performances over the first week of 2016 were generated by Genting Hong Kong, United Industrial Corporation and Golden Agri-Resources. 

Among the worst performers are Keppel Corporation, Singapore Post, and Sembcorp Marine.

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