The Singapore Market This Week

StockMarketBoardThe Straits Times Index (SGX: ^STI) closed at 3,205 points for this week. This was a gain, albeit a modest one, of 0.4% over the previous week.

Even though our benchmark index barely moved, the same can’t be said of some STI component stocks, which moved considerably.

One of the biggest fallers within the STI was Hongkong Land (SGX: H78). It dropped 3.6% to close at US$6.15. The company is one of Asia’s leading property investment, management and development companies with interests in Hong Kong, Thailand, Vietnam, Cambodia, Indonesia, Macau and Singapore. On our shores, it has a significant interest in a number of major developments, including the Marina Bay Financial Centre, One Raffles Quay and CityLink Mall.

At the other end of the spectrum, Olam International Limited (SGX: O32), Noble Group Limited (SGX: N21) and Golden Agri-Resources Limited (SGX: E5H) gained 6.5%, 5.5% and 4.7% respectively. At the close of play on Friday, the stocks cost S$1.55, S$1.05 and S$0.555, respectively.

According to Bloomberg, the STI is currently trading at a historical PE ratio of 13.13 and Singapore’s largest companies have an aggregate market capitalisation of S$523b.

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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.