🦎 IGGY CLOSING BRIEF, 13 JULY 2026

🌆 Session wrap.

SESSION SUMMARY

STI closed at 5,470, flat vs Friday’s 5,469. Index looked quiet, but there was clear dispersion underneath. Telcos and data centre names edged up, while marine, offshore, and secondary industrials softened. Volume tone looked normal based on actives, nothing signalling unusual positioning.

TOP ACTIVES SNAPSHOT

Z74 SingTel +0.68% to 4.430. AJBU Keppel DC REIT +0.89% to 2.260. A7RU Kep Infra Trust +2.91% to 0.530 on strong volume. C38U CapLand IntCom Trust +0.41% to 2.450. T82U Suntec REIT +1.35% to 1.500. K71U Keppel REIT and A17U CapLand Ascendas REIT flat.

Lagging side: BS6 YZJ Shipbuilding -0.83% to 3.580. 5E2 Seatrium -2.50% to 1.950. 544 CSE Global -3.31% to 1.170.

MOVERS IGGY IS WATCHING

📊 5E2 Seatrium, -2.50%

Still below yield floor with weak cash conversion. Today’s move does not change the structural read.

📊 544 CSE Global, -3.31%

Coverage is stale on my end. Needs a fresh verification before any updated view. Price action alone not informative.

📊 AJBU Keppel DC REIT, +0.89%

Still a technical gearing breach in my tracking, not structural. Today’s strength does not shift that.

MACRO INTO TOMORROW

US bank earnings start with JPM, GS, BofA, Citi, Wells Fargo. Fed Chair Warsh testifies. Weekend US-Iran missile exchanges near Hormuz reintroduce oil risk. Watch spillover into SG banks and oil-sensitive counters.

IGGY’S END OF DAY READ

Flat index masked rotation. Income names held up better than cyclicals and oil-linked plays. Tomorrow’s US bank prints and Warsh testimony are the key catalysts.

Not financial advice. Iggy’s Forensic Compliance Standards apply.