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Three Shares That Lost to the Market Today

StockMarketBoardThe Straits Times Index (SGX: ^STI) inched up 0.30% to 3,318 points after a tepid showing yesterday. There were 11 winners which meant nearly twice as many losers.

Global Logistic Properties (SGX: MC0) lost ground as its shares slipped 1.5% to $2.61. The logistics facility provider recently announced that it had pre-leased 977,000 sq. ft. of space to Deppon Logistics in China. GLP has been busy getting customers to sign up for space as a total of 535,000 sq. ft. had been leased since February. Shareholders should welcome the progress following recent headlines that a major shareholder sold a 12.5% stake in the company.

Elsewhere, GuocoLeisure (SGX: B16) dropped 2.75% to $0.89. The investment holding company has interests in hotels, casinos and the oil & gas industry. Even though it is listed in Singapore and New Zealand, around 80% of the company’s  assets of US$1.6b are in the United Kingdom. GuocoLeisure’s second quarter results saw a year-on-year 3.2% decline in quarterly profit to US$12.1m.

In the transport sector, SMRT Corporation (SGX: S53) was unchanged at $1.54. The local transport company, which runs trains, buses and taxis, warned last week that it expects a net loss in the fourth quarter. However, it said it should remain profitable for the full year. The company’s shares have dropped 2.5% following the announcement.

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