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The Singapore Market This Week

StockMarketBoardThe Straits Times Index (SGX: ^STI) closed at 3,176 points this week – a meagre rise of 3.5 points.

Even though the STI was flat on the week, some component stocks fared much better. World-renowned entertainment company, Genting Singapore (SGX: G13), added 2.4% to close at $1.47. Flag carrier, Singapore Airlines (SGX: C6L) gained 2.2% to $10.46.

On the other hand, Hongkong Land Holdings Limited (SGX: H78) slumped 2% to finish the week at $5.91. Over the past two weeks, it has shed a total of 6.1%.

Amongst the mid-caps Super Group (SGX: S10) made some headway. It rose 4.2% to end the week at $3.48. It was the first weekly gain for the coffee maker since releasing disappointing quarterly results. At one point in the middle of this month, the shares plunged 30.5% within three days. Super Group is trading at 19.7 historical profits.

Another company that put on a good show for the week was SATS Limited (SGX: S58). The shares last changed hands at $3.21 – a gain of 3.9%. On Monday and Tuesday this week, the firm announced that it had bought back 590,000 shares for approximately S$1.8 million. SATS is currently trading at 19.1 times historical earnings.

The STI is currently sports a historical PE ratio of 13.6.

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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.