The Singapore Market for 2013


stockmarketdown

It is official. Our economy here in Singapore grew 3.7% in 2013, as mentioned by Prime Minister Lee Hsien Loong in his New Year message.

With the economy rallying that much, how did our local stock market fare for 2013?

The market bellwether, the Straits Times Index (SGX: ^STI), closed at 3167.43 points on 31 Dec 2013. Exactly one year ago, it closed at 3167.08 points. This translates to a gain of a mere 0.35 points, or 0.011% for the whole of 2013.

Out of the 30 component stocks in the STI, 17 finished in positive territory for 2013, while the rest finished in the doghouse.

The best performer within the STI for the past year was Thailand-based beverage and snacks maker Thai Beverage (SGX: Y92). Despite losing some ground in November and the middle of December due to the political unrest in Thailand, the company managed to eke out an impressive share price performance.

On the other end of the spectrum, the worst performance for the year goes to real estate outfit City Developments (SGX: C09). Property stocks and real estate investment trusts (REITs) also languished in 2013. The FTSE Straits Times Real Estate Index (SGX: FSTAS8600) and FTSE Straits Times REIT Index (SGX: FSTAS8670) were down 9.7% and 8.9% respectively last year.

The table below shows the top three and bottom three performers of the STI in 2013:

Company

31/12/2012 Closing Price

31/12/2013 Closing Price

% Change

Thai Beverage Public Company Ltd

$0.40

$0.54

36.7%

SIA Engineering Company Limited

$4.39

$5.06

15.3%

DBS Group Holdings Limited

$14.84

$17.10

15.2%

CapitaLand Limited

$3.70

$3.03

-18.1%

Jardine Cycle & Carriage Ltd.

$48.15

$35.95

-25.3%

City Developments Limited

$12.87

$9.60

-25.4%

Source: S&P Capital IQ

Singapore is acclaimed for being first in many aspects. In the same fashion, Singapore was the largest initial public offering (IPO) market across Southeast Asia in 2013; it raised a total of S$6.2 billion. Asian Pay Television Trust (SGX: S7OU) and Mapletree Greater China Commercial Trust (SGX: RW0U) were two of the biggest IPOs in the past year, raising S$1.35 billion and S$1.68 billion respectively.

Some of the significant events that happened in the past year also include Singapore Exchange (SGX: S68) announcing a reduction in the board lot size for the stock exchanges in Singapore; the corporate actions surrounding Fraser and Neave (SGX: F99); an incriminating report on China Minzhong (SGX: K2N) published by short-seller Glaucus Research Group and last but not least, the stock crash of the trio comprising Asiasons Capital (SGX: 5ET), Blumont Group (SGX: A33) and LionGold Corp (SGX: A78).

Currently, the historical PE ratio for the STI is 13.5 and the index sports a dividend yield of 2.6%.

Happy investing in 2014!

Click here now for your FREE subscription to Take Stock Singapore, The Motley Fool's free investing newsletter. Written by David Kuo, Take Stock Singapore tells you exactly what's happening in today's markets, and shows how you can GROW your wealth in the years ahead.  

Like us on Facebook  to keep up-to-date with our latest news and articles. The Motley Fool's purpose is to help the world invest, better.

Get FREE Issues of TAKE STOCK

Want to keep up with our investing thoughts as they develop? Don't miss a beat! Just drop your email in the box below and we'll keep you up to date.

The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.