OCBC economist Howie Lee said on Friday that while full-year GDP growth is still expected to fall between -6.0 per cent yoy to -5.0 per cent yoy, they expect"risks to be firmly tilted to the downside".
Among the STI constituents, Mapletree Industrial Trust, Ascendas Reit and Mapletree Logistics Trust once again emerged as the top-performing counters for the day. Mapletree Industrial Trust rose 1.9 per cent to S$3.16, Ascendas Reit gained 1.5 per cent to S$3.48 while Mapletree Logistics Trust ended up 0.5 per cent to S$2.14.
At the bottom of the table was Keppel Corporation, which fell 4 per cent to S$5.71. The conglomerate on Friday warned that it will recognise material impairments in its results for the second quarter this year, mainly from the offshore and marine business.
Source: News Formal (newsformal.com)
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