RENTAL reversions at Capitaland Integrated Commercial Trust (CICT)’s malls were a negative 6.6 per cent in FY20, but CEO of the manager Tony Tan hopes that this is the bottom for the Reit Read more at The Business Times.
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January 14, 2021
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It has changed our lives in many ways that we would have never thought of.
Due to the pandemic, the stock market this year has been on a rollercoaster ride as well, plunging quickly and recovering just as fast, especially for the US market.
It took just 16 trading days for the S&P 500 index to fall 20 per cent from a then-record high the quickest descent into a bear market since July 1933.
After that, the index rose around 63per cent from its March bottom to set a new record, closing at 3,756.07 on Dec 31, 2020. For the whole year, the S&P 500 index increased by an impressive 16.3 per cent.