Let’s see how the Straits Times Index (SGX: ^STI) fared after the United States government sidestepped another debt default. The STI closed at 3,192 points, up a mere 0.4%. This week saw only four trading days as Tuesday was a public holiday due to Hari Raya Haji.
Meanwhile, Singapore Exchange Limited (SGX: S68) went up by 1.8% to close at $7.41. It posted a strong set of results. The total revenue went up 15% while net profit and earnings per share both jumped 24%.
Dragon fish specialist Qian Hu Corporation Limited (SGX: 522) closed flat for the week at $0.09. It posted a turnaround after its third-quarter profits rose to S$88,000, reversing a net loss seen in the previous year.
According to Bloomberg, the STI is trading at a historical PE ratio of 13 and has a market capitalisation of S$519b.
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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.