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The Singapore Market this Week

The Straits Times Index (SGX: ^STI) closed at 3,039 points for the week. This is a rise of 0.9% over the previous week’s close of 3,013 points.

Out of the 30 component stocks in the STI, commodities trader Olam International (SGX: O32) was the largest gainer at 5.4% while beverage (both alcoholic and non-alcoholic) maker Thai Beverage Public Company (SGX: Y92) lost the most ground at 2.8%. 22 companies finished in the green, six ended in the red while two were unchanged.

Now turning to the mid-caps, gateway services and food solutions provider SATS (SGX: S58), which released this week, fell nearly 1% to close at S$3.10. It had released its latest third quarter earnings in the week and announced that revenue dipped 1.1% year-on-year while net profit slipped 8.7%.Postal services provider Singapore Post  (SGX: S08), which has been paying consistent dividends of 6.25 Singapore cents yearly since 2007, finished the week flat at S$1.34. It released its third quarter earnings on Monday.

Lippo Malls Indonesia Retail Trust (SGX: D5IU), an owner of retail malls in Indonesia, revealed that its distributions per unit grew 10.2% to 3.25 Singapore cents in its latest full-year results. The trust lost 1.3% to close at S$0.395.

At its current points level, the STI is trading at a historical PE ratio of 13.

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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.