Straits Times Index Fell 6.03% Due to Oil Price War

Amidst the COVID-19 outbreak which has caused much volatility in the stock market, the stock market plunged further today on the news of Riyadh (Saudi Arabia) slashing crude for April delivery prices. This had sparked the massive sell off of oil related stocks.

The Straits Times Index (STI) took a beating and fell as much as 6.03%. With the massive sell off, this opens up an opportunity in the current stock market.

Below are the stocks that I currently held in my stock portfolio. With the dip in stock prices, the current dividend yield has increased which makes certain REITs attractive. For investors who have been hoping for a dividend yield of at least 5% and above, this is probably the moment you are waiting for.

Stock NameTotal Dividends Paid (Cents) (FY19)Closing Price (9th March 2020)Current Dividend Yield (%)
OUE Commercial REIT3.31S$0.447.52%
Frasers Commercial Trust9.60S$1.596.04%
Frasers Logistics and Industrial Trust7.00S$1.205.83%
SPH REIT5.60S$0.975.77%
CapitaMall Trust11.97S$2.395.01%
Mapletree Commercial Trust9.14S$2.214.14%
Parkway Life REIT13.19S$3.463.81%
ST Engineering15S$4.033.72%

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