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The Singapore Market this Week

The Straits Times Index (SGX: ^STI) closed at 3,136 points for the week, gaining 0.8% over the previous week’s close of 3,111 points. This week saw four straight days of gains, despite the fears of conflict on Ukrainian soil between Ukraine and Russia

In all, 19 of the STI’s 30 constituents ended the week in positive territory, 10 others were seen in negative territory while one, CapitaMalls Asia (SGX: JS8), finished the week right where it started off. Thai Beverage (SGX: Y92) was the best performing blue-chip, clocking gains of around 9%, closing at S$0.61. For the past two weeks, it has ballooned nearly 17%. Meanwhile, Sembcorp Marine (SGX: S51) fell the most at 2.7%, finishing the week at S$4.

In the mid-cap universe, one of the largest gainers was First Resources (SGX: EB5). It surged 11.3% for the week, closing at S$2.46. It released its full year results at the end of last month where revenue increased 3.8% year-on-year to US$626.5 million and net profit inched up 0.5% to US$238.2 million. The positive performance was due to higher sales volumes and realisation of some forward sales during the year. The firm proposed a final dividend of 3.25 Singapore cents per share, taking the total dividend for the year to 4.50 Singapore cents.

The STI is currently trading at 13.7 times its trailing earnings.

 

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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.