The Singapore Market this Week

For this week, the Straits Times Index (SGX: ^STI) closed at 3,111 points, a gain of 0.3% over the previous week’s close of 3,100.

Out of the 30 constituents of the Straits Times Index, 17 finished the week in the black while 12 were in the red; Keppel Corporation Limited (SGX: BN4) was the sole share that remained unchanged.

Having gained 7.7%, Thai Beverage (SGX: Y92) was the best performing blue chip for the week, closing at S$0.56 despite posting  a 33% drop in profits for 2013 when it released its full-year results on Thursday. On the other hand of the spectrum, CapitaMalls Asia Limited (SGX: JS8) fell the most with a 1.65% drop to finish the week at S$1.79.

In the mid-cap universe, real estate development and investment company, Ho Bee Land Limited (SGX: H13), was one of the largest gainers. It chalked up gains of close to 9% at its current share price of S$2.19. The firm posted a net profit surge of 216% to S$592 million for the full year and will be paying out a total dividend of 8.0 Singapore cents per ordinary share. This translates to a dividend yield of 2.3%.

The STI is currently trading at 13.4 times its historical earnings and has a market capitalisation of S$510.5 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.