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The Singapore Market this Week

The Straits Times Index (SGX: ^STI) shed around 2% or 71 points this week, closing at 3076 points. The bulk of the losses came from the last two days of the trading week.

Out of the 30 component stocks, only four managed to eke out a gain, while the other 26 were in the red. The biggest gainer for the week among the blue chips was beverage company, Thai Beverage (SGX: Y92), which climbed 1.8% to close at S$0.56. Elsewhere, the biggest loser in the STI was commodity firm, Noble Group (SGX: N21), which dropped 6.8% to S$0.955.

In the mid-cap arena, Ezra Holdings (SGX: 5DN) continued its decline, losing 7% this week. It released its quarterly earnings last week, where net profit was down 6% year-on-year. Its shares closed at S$1.035 on Friday.

Telecommunications provider, M1 Limited (SGX: B2F), was “walking on sunshine” as it gained 2.5%, ending the week at $3.35. The firm released its full year results this week. Even though its total revenue fell 6.4% year-on-year, net profit after tax rose 9.4% to S$160 million.

Turning our attention to the small-cap universe, Colex Holdings (SGX: 567) flew 8% to close at $0.19. Colex is one of the few waste management companies in our sunny island. This week’s Singapore “Flyer”, Singapore Medical Group Limited (SGX: 5OT) and Falling Knife of the Week, OEL (Holdings) Limited (SGX: 584), finished the week at the same prices as they did on Thursday.

The STI is currently trading at a historical PE ratio of 13.1 and spots a market capitalisation of S$503.1 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.