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The Singapore Market This Week

StockMarketBoardAround 28 points was wiped off from the Straits Times Index (SGX: ^STI) this week. The benchmark index closed at 3,173 points for a drop of about 1%.

Thai Beverage Public Company Limited (SGX: Y92) was one of the biggest fallers. It shares slid 5.7% to close at $0.50 apiece. The brewer announced last week that its third-quarter profit plunged 74% To THB4.1 billion.

Another Straits Times Index in the doghouse was SIA Engineering (SGX: S59). Around 2% was shaved off its market value with the shares closing at $4.90. But it was not all bad news. The company went ex-dividend on Monday. Shareholders who qualify will receive S$0.07 per ordinary share from the aircraft maintenance, repair and overhaul company.

Noble Group Limited (SGX: N21) put on a good show this week. It closed at $1.075, gaining 3.4% for the week. Other component stocks that made headway included Keppel Corporation Limited (SGX: BN4) and ComfortDelGro. They added 1.6% to close at $11.16 and 2.6% to end the week at $1.94 respectively.

The STI is currently trading at 13.6 times its historical earnings.

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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.