Three Shares That Beat the Market Today

The Straits Times Index (SGX: ^STI) has moved up by 1.3% to 3,143 points today on the back of a good day for the blue chips. Some 25 out of the index’s 30 constituents had managed to make some gains while only four ended in the red.

Let’s take a look at some market-beating shares that are both within and outside the index.

Far East Group (SGX: 5TJ) had jumped 10.4% to S$0.149 after proposing a scrip dividend scheme yesterday evening. The scheme, which would require shareholder and regulatory approval, would see shareholders receive dividends in the form of new shares if they choose to partake in it. For shareholders who elect not to be part of the scrip dividend scheme, they would receive their dividends in cash instead.

Straits Times Index constituent Singapore Exchange (SGX: S68) moved up 1.8% to S$6.94. The stock exchange operator revealed recently that it would be announcing its third quarter results for the financial year ending 30 June 2014 on 23 April. The company’s latest half-year results saw revenue for the period grow by 8.2% year-on-year to S$349 million while profits increased by 11% to S$167 million.

Singapore Exchange has been busy of late as it has been introducing new products to seek further growth. For instance, the company announced earlier this month that it would be introducing: 1) a new set of Asian currency futures in the third quarter of 2014 and; 2) SGX FTSE China A50 Index options also in the third quarter of this year.

The agricultural and energy products supply chain manager Noble Group (SGX: N21) ended the day some 5% higher at S$1.15. On Monday, Noble, which is also part of the Straits Times Index, had set up a revolving loan facility worth some US$1.35 billion that would mature in 364 days.

The company intends to use this new loan facility to pay down “certain of its existing debt and for its general corporate purposes”. According to Noble’s latest financials, it has US$2.05 billion worth of various types of borrowings that would come due by the end of 2014. This new loan facility would come in handy given that the company has only US$1.06 billion in cash as shown on its latest balance sheet.

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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.