The Singapore Market this Week

The Straits Times Index (SGX: ^STI) galloped to a 1.6% weekly decline when it closed at 3,027 points on Thursday during the shortened week as a result of the Chinese New Year.

Out of the 30 STI constituents, only seven stocks finished in the green while the rest finished in the red.  Commodities trader Olam International Limited (SGX: O32) gained the most when it closed at $1.48, some 1% higher than where it was last Friday. On the other hand, the company that lost the most ground this week was the conglomerate Jardine Cycle & Carriage Limited (SGX: C07), which dropped 6.7% after finishing the week at $35.

Let’s turn our attention away from the blue-chips.

Well-being and healthy lifestyle products retailer OSIM (SGX: O23) lost 2.5% this week to close at $2.37. This was despite the company reporting record profits in its latest earnings.

CDL Hospitality Trusts (SGX: J85), despite posting a decrease in its income to be distributed for the latest quarter, finished the week in positive territory. It closed at $1.605, a gain of 0.6% for the week. The trust owns hotels in Singapore such as Orchard Hotel, Grand Copthorne Waterfront Hotel and M Hotel. It also has hotels in Australia and Maldives.

The historical PE ratio of the STI now stands at 12.89.

Click here now for your FREE subscription to Take Stock Singapore, The Motley Fool’s free investing newsletter. Written by David Kuo, Take Stock Singapore tells you exactly what’s happening in today’s markets, and shows how you can GROW your wealth in the years ahead.  

Like us on Facebook  to keep up-to-date with our latest news and articles. The Motley Fool’s purpose is to help the world invest, better.

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.