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Best and Worst Shares in the Straits Times Index for the Week

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Singapore’s stock market benchmark, the Straits Times Index (SGX: ^STI), closed at 3,094 points on Friday for a weekly gain of 0.9%. It was a rather eventful week for the global markets as the US Federal Reserve finally announced its plans to taper its quantitative easing programme by reducing its monthly bond repurchases from US$85b to US$75b.

Here’s how some of its international peers did:

Index (country) Weekly Percentage Change
S&P 500 (USA) 2.4%
S&P/ASX 200 (Australia) 3.3%
FTSE 100 Index (United Kingdom) 2.6%
Nikkei 225 (Japan) 3.0%
Hang Seng Index (Hong Kong) -1.9%

Source: S&P Capital IQ

Coming back to our local market, here are the three best performing shares among the index for the week:

1. Commodities trader Olam International (SGX: O32) has jumped 4.2% to S$1.495

2. Beverage and snacks maker Thai Beverage (SGX: Y92) gained 4.1% to S$0.51

3. Infrastructure & offshore engineering outfit SembCorp Industries (SGX: U96) is up 3.1% to S$5.38

Here’s the three worst performing shares:

1. Palm oil producer Golden Agri-Resources (SGX: E5H) slipped 3.6% to S$0.53

2. Logistics facilities provider Global Logistic Properties (SGX: MC0) fell 1.7% to S$2.86

3. Agribusiness firm Wilmar International (SGX: F34) declined 1.2% to S$3.34

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