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This Week’s Market Movers

StockMarketBoardSingapore’s benchmark index, the Straits Times Index (SGX: ^STI), ended the week down 1.9% at 3,028.9 points. For the month of August, the STI shed 193 points or 6%.

On Tuesday the STI dropped 50 points or 1.6% as traders fretted over possible military action against Syria by America. The market was also weighing up when the US Federal Reserve might start to trim its monetary stimulus. Meanwhile, currency weakness in Indonesia, India, Malaysia and Thailand was giving investors yet another thing to worry about.

Up until 28 August, the Singapore market had been in the red for ten consecutive sessions – its worst performance for 11 years. But Thursday’s 34 points rise finally broke the losing streak.

Significant fallers this week included Courts Asia Limited (SGX: RE2), which lost 5.2%, and SIA Engineering Company Limited (SGX: S59) that fell 5% on no notable news. Courts Asia released its earnings around weeks ago.

Thai Beverage Public Company Ltd (SGX: Y92) had a volatile week as the brewer went ex-dividend on Friday. From 26 to 28 August, the shares had lost almost 11%. However, by Thursday, the shares more than made up for the earlier losses when they jumped 24% to $0.52. But what goes up can also go down as the shares fell 9% on Friday to end the week at $0.475. Some developments surrounding the company were made known on 27th August 2013.

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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 Sudhan P doesn’t own shares in any companies mentioned.