The Singapore Market this Week

stockThe stock market index of Singapore, the Straits Times Index (SGX: ^STI), rose close to 2% for the holiday-shortened week, closing at 3,150 points.

For the seven days ended Friday, 27 Dec 2013, 29 constituent stocks out of 30 finished in positive territory while one long ranger, Hongkong Land (SGX: H78), remained flat at US$5.80.

Out of the 29 stocks, Jardine Cycle & Carriage (SGX: C07) was the largest gainer for the week, rising 4.9% to close at S$36.29. The company is yielding around 4% currently and trades at a historical PE of 12.

Beverage maker, Thai Beverage, (SGX: Y92) gained 3.9%, closing at S$0.53. On Christmas eve, the company announced that International Beverage Holdings Limited, a direct wholly-owned subsidiary of Thai Beverage and InterBev Investment Limited, a direct wholly-owned subsidiary of International Beverage, have both increased their paid-up share capital.

In the mid-cap front, one of the biggest risers was Parkway Life Real Estate Investment Trust (SGX: C2PU), ballooning 8.3% to S$2.35. It was featured in this week’s Singapore “Flyer” as well. The share price of most real estate investment trusts flourished this week.

According to Bloomberg, STI is trading at a historical PE 13.5 and has a market capitalisation of S$508.1 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.