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Three Shares That Lost to the Market Today

StockMarketBoardThe Straits Times Index (SGX: ^STI) went on a small 0.5% rally today to 3,104. This followed Tuesday’s 0.5% gain to 3,090, as the index looks to reclaim some lost ground after the US Fed’s comments about the possible slowdown of Quantitative Easing came into the forefront and brought down stock markets globally. Despite a broad market climb today, there were still some who failed to make any gains. Let’s take a look at them.

Jardine Strategic Holdings (SGX: J37) was one of the unfortunate few to register losses as its shares were down by 2.8% to US$35.80. There was nothing new from JSH’s corporate offices but its Interim Management Statement last month, covering the period from 1 Jan 2013 to 15 May 2013, did shed some light on its business operations for the period. Turns out, JSH’s various businesses – such as property manager and developer Hong Kong Land and retailer Dairy Farm, to name but a few – helped deliver marginally higher underlying earnings, even as some of them faced difficult operating conditions.

Looking outside the index, we have Auric Pacific (SGX: A23), whose shares slid by 4.4% to S$1.205. On Monday, the food producer and restaurant operator announced that it would be acquiring the shares of restaurant and food-court operator Food Junction Holdings (SGX: 529) for S$0.225 apiece. It seems the market’s confused over the company’s corporate maneuver – shares of Auric Pacific went up by 4% to S$1.26 following the announcement, but has since fallen to S$1.205.

Last on the list is United Engineers (SGX: U04) as its shares remained flat at S$2.27. Last month, the company posted a 14% increase in first quarter profit to S$4.8m. In more recent news, the engineering and construction company had announced earlier in June that it had clinched a S$21m contract for the installation of electrical, sanitation, plumbing and gas systems for a new residential development located at Whampoa East, Singapore.

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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.