The Singapore Market This Week

StockMarketBoardThe Straits Times Index (SGX: ^STI) closed at 3,066 points this week, slipping 1.5% or 48 points. It has had four straight “down days” from Monday to Thursday, before breaking the trend on Friday.

All components of the STI, except Thai Beverage, Sembcorp Marine (SGX: S51), Golden Agri-Resources (SGX: E5H) and SIA Engineering, finished in the red this week.

Property developer, City Developments Limited (SGX: C09) and commodity company, Olam International Limited (SGX: O32) fared the worst amongst the blue chips. Both lost over 3% to close at $9.47 and $1.435 respectively.

Ex-STI component and former stock market darling, SMRT (SGX: S53), plunged almost 7% to close at $1.185. The firm announced this week that it is working with a company from Singapore’s Land Transport Authority (LTA), MSI Global Pte Ltd, to create and run a fare-collection system for Metro Manila’s rail system.

Currently, the STI is trading at a historical PE of 13.12 and has a market capitalisation of $495.51 billion.



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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.