Three Shares That Beat The Market Today

After last week’s action-packed Thursday, which saw the Straits Times Index (SGX: ^STI) lose 1.8% in a day, the long weekend seemed to have calmed things down. The index barely budged on Monday to close at 3,391 and today, it climbed above 3,400 again, eventually settling at 3,406 for a 0.4% gain. Even though the market seemed relatively tranquil, some shares actually saw pretty substantial gains for the day. Let’s take a look at some of them.

Jardine Cycle & Carriage (SGX: C09) was one of the shares that helped push the STI higher, as it climbed by 5% to S$48.75 on no notable news. Investors might sometimes be wondering if anything material had happened to a company when its share price movement deviates by a large margin from the general market’s swing. But, more often than not, these price movements could just be shares being what they are – volatile.

In any case, despite climbing by 6.5% from two Fridays ago, the company’s shares are still 13% lower than its 52-week high of $56 that was reached earlier in March this year. As a company, Jardine C&C has its fingers in many pies, including the manufacturing and distribution of automobiles, growing and harvesting oil-palm, and mining for coal, just to name a few. The company had a difficult first quarter in 2013 as it saw its quarterly profit fall by 13% to US$231m.

The market seemed to give a small stamp of approval for newspaper publisher and property developer Singapore Press Holdings (SGX: T39) after the company announced the spin-off of its properties into a real estate investment trust (REIT) – shares of SPH were up by 1.8% to $4.47 to end the day as one of the index’s bigger winners. The company is looking to pocket up to S$3.07b in a combination of cash and units in the REIT from the sale of its properties, comprising of Paragon and Clementi Mall, to the REIT. Part of the proceeds from the sale would be used to pay out a special dividend of S$0.18 per share to SPH’s shareholders.

Super Group (SGX: S10) was another big winner today as its shares rose by 4.9% to $4.76. The instant beverage manufacturer had posted strong first quarter earnings results a few weeks ago that saw it rake in a profit of S$22.1m, 25% higher than what was achieved last year.

Its shares subsequently saw a sharp 6% upwards-burst to $4.85 before those gains were slowly chipped away until the shares hit $4.54 yesterday. And before a short-term trader could catch his breath with these wild price swings, it went on to jump by 5.1% today. Again, there was no material news about the company – Super Group’s shares were just moving, because that’s what share prices do – and serves as a general reminder of how futile it can be for investors to obsess over short-term price movements.

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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.