A number of Singapore-listed industrial REITs closed the trading day lower on news that the country’s manufacturing sector has shrunk for a second straight month in January.
The latest purchasing managers' index (PMI) released 3 January indicate a reading of 49.9, up from 49.6 in December but shy of the 50-point threshold required to indicate growth.
The Singapore Institute of Purchasing & Materials Management has attributed the contractionary indicator to lacklustre inventory and new factory order numbers. This is in line with modest manufacturing data coming out of China and the US.
Leading the pack of losers on 4 January is Ascendas REIT (SGX:A17U) which units fell by more than 2.7% to SGD2.51 followed by AIMS AMP Capital Industrial REIT (SGX:O5RU) which shed 2.3% to SGD1.43.
Keppel DC REIT (SGX:AJBU) fell by nearly 2% to end at SGD1.00 while Mapletree Logistics Trust (SGX:M44U) shed 1.23% to finish the day at SGD1.205. Similarly while Cambridge Industrial Trust shed 0.7% to end at SGD0.67.
|REIT||Symbol||Last (SGD)||Fall (%)|
|AIMS AMP Capital||O5RU||1.43||2.38|