SEO Version
Unit Price
Performance
Uncertainty reigned in 2013
over the possible tapering of the
quantitative easing programme
by the United States (US) Federal
Reserve, and whether the debt
ceiling in the US will be raised in
a timely manner. The Eurozone
remains susceptible to a flare-up of
the sovereign debt crisis, while there
are risks of a sharper-than-expected
slowdown in China given on-going
policy adjustments to restructure
the economy.
During the year, CMT’s unit price
saw a steady increase but the
uptrend was disrupted in May
2013 over the prospects of a start
in tapering in May 2013. CMT’s
unit price closed at S$1.905
on 31 December 2013, 10.6%
lower compared to S$2.13 at the
beginning of the year. FTSE ST Real
Estate Investment Trusts (REIT)
Index ended the year 8.9% lower
and FTSE ST Real Estate (RE) Index
dropped 9.7% at the end of 2013.
As at 31 December 2013, CMT’s
market capitalisation registered
S$6.6 billion. The stock’s
trading volume in 2013 reached
approximately 2.1 billion units,
translating to an average daily
trading volume of approximately
8.5 million units.
TRADING DATA BY YEAR
2004 2005 2006 2007 2008 2009 2010 2011
2012
2013
Unit Price (S$)
Highest
1.76 2.66 2.93 4.32 3.75 1.87 2.15 2.00 2.20 2.38
Lowest
1.36 1.73 2.01 2.76 1.38 0.98 1.67 1.64 1.71 1.82
Average Closing 1.58 2.25 2.40 3.64 2.78 1.50 1.91 1.85 1.91 2.05
Last Done at
Year-end
1.76 2.24 2.91 3.46 1.59 1.80 1.95 1.70 2.13 1.905
Trading Volume
(million units)
307.5 353.7 549.6 1,111.6 1,380.6 2,554.8 1,435.3 1,672.9 1,877.2 2,137.5
Average Daily
Trading Volume
(million units)
1.2 1.4 2.2 4.5 5.5 10.2 5.7 6.7 7.5 8.5
Net Asset Value
Per Unit
1
(S$)
1.31 1.64 1.87 2.21 2.41 1.54 1.53 1.56 1.64 1.71
1
Excludes outstanding distributable income as at end of each period.
CMT’S MONTHLY TRADING PERFORMANCE
Trading Volume (million units)
Highest and Lowest Unit Prices (S$)
Dec
2013
Nov
2013
Oct
2013
Sep
2013
Aug
2013
Jul
2013
Jun
2013
May
2013
Apr
2013
Mar
2013
Feb
2013
Jan
2013
400
350
300
250
200
150
100
50
0
2.5
2.0
1.5
1.0
0.5
0
Clarity
54
CapitaMall Trust
Annual Report 2013
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