Three Shares That Beat The Market Today

StockMarketBoardThe Straits Times Index (SGX: ^STI) continued its losing streak today, slipping 0.51% to close at 3,154 points. Despite the STI’s decline, there were still a few bright sparks.  Let’s take a look at three of them.

The largest gainer of the day was Tsit Wing International (SGX: T26). The company’s share price jumped 35% to 31 cents after CEO Wong Tat Hong announced plans to take the company private. He stated that this would “allow management to have greater flexibility to manage and plan its business on a longer horizon”.

Shares of CNA Group (SGX: 5GC) increased 2.6% to 16 cents today. Two days ago, the company announced its collaboration with AMMS Group to develop and expand the industrial maintenance and mining services in Australia. Last week, the group also announced a total of S$13.8m projects won across Asia.

Jardine Cycle & Carriage (SGX: C07) was one of three STI component shares that gained today, rising 2.1% to $41.97.  This slight gain still did not offset the share’s decline for the past two months, and Jardine Cycle and Carriage’s shares have lost 14.8% of its value since the release of the company’s first quarter results two months ago.

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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 Ivan Looi doesn’t own shares in any companies mentioned.

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