Three Shares That Beat the Market Today

The Straits Times Index (SGX: ^STI) moved up nicely to 3,112 points to sit on a 1.3% gain. It was a great day for Singapore’s blue chips as 27 out of the index’s 30 constituents had ended the trading session in the green while only one made a loss.

Turning out focus away from the Straits Times Index, let’s take a look at some market beaters.

Breadtalk Group (SGX: 5DA) rose some 11.3% to S$1.23. The food & beverage retailer’s strong price gains today had followed a 7.3% rise just last week and had also prompted stock exchange operator the Singapore Exchange to issue a query behind possible reasons for the gains.

The company behind the eponymous Breadtalk bakery stores reported its latest financials a month ago and had seen strong double digit growth of 20% and 13% in its sales and profits respectively.

As of the time of writing (5:30pm, 24 March 2014), there has been no response as yet from Breadtalk regarding SGX’s query.

Neo Group (SGX: 5UJ) is up 4.3% to S$0.855 from S$0.82. Last week, between 19 and 20 March 2014, the food caterer’s shares fell by as much as 18.1%. That steep drop – similar to how Breadtalk was queried – also led to a query issued by SGX for any possible reasons that could explain the share price movement.

Turns out, Neo Group had essentially no idea why its shares moved as it did and that resulted in the SGX issuing a “Trade With Caution” announcement for the company’s shares last Friday.

CNMC Goldmine Holdings (SGX: 5TP) rounds up the trio with a 2% jump to S$0.26. The aptly-named gold mining outfit had released a presentation last Friday, giving investors more details about its business.

According to CNMC, it has gold mining licenses covering 10 square kilometres in the Kelantan state of Malaysia. The company has also increased, substantially, its annual production of fine gold for three consecutive years from 554 ounces in 2010 to 12,649 ounces in 2013. CNMC’s presentation also highlighted its declining all-in cost of gold production (an important operational metric for gold miners), which has dropped from US$775 per ounce in the third quarter of 2013 to US$761 per ounce in the fourth quarter of the year.

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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 writer Chong Ser Jing doesn’t own shares in any companies mentioned.