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The Singapore Market This Week

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The Straits Times Index (SGX: ^STI) rose 0.9% for the week to close at 3,094 points. This translates to a gain of 28.5 points over the previous week. This week saw the first weekly gain in the STI since 29th November 2013.

Over the week, the United States Federal Reserve announced that it will start tapering its $85 billion-per-month bond-buying program by $10 billion next January onwards.

Thai Beverage (SGX: Y92) was one of the biggest gainers in the STI. It flew 4.1% to close at $0.51 for the week. The shares of the company has been volatile for the past few weeks due to the upheaval in Thailand.

Another company that did well for the week was Starhub (SGX: CC3). It gained 3% to close at $4.17.

Property developer, City Development (SGX: C09), got out of a four weeks slump to close in positive territory for the first time this week. It inched up 0.5% to close at $9.52.

On the other hand of the spectrum was Golden Agri-Resources (SGX: E5H). It slumped 3.6%, closing at $0.53.

CapitaMalls Asia (SGX: JS8) was another company that lost ground, falling 1% to close at $1.905.

Outside the blue chips universe,  there were some notable gains for the week, which included offshore marine vessel-construction outfit Otto Marine (SGX: G4F) – shares of the company had jumped by 29% to S$0.089.

Elsewhere, we have wastewater treatment plant operator HanKore Environment Tech Group (SGX: B22), which also went up by double digits  – 12.3% to be exact – to close at S$0.082 for the week.

The STI is currently trading at a historical PE ratio of 13.24.

 

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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.