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The Singapore Market this Week

The Straits Times Index (SGX: ^STI) closed at 3,212.7 points for the week, an increase of 1.3% over the previous week.

19 out of the index’s 30 component stocks finished in positive territory, four were flat, while the rest were in the doghouse. Jardine Cycle & Carriage (SGX: C07) was the biggest winner as it gained close to 9%. On the other hand, a related company, Jardine Matheson Holdings (SGX: J36), moved in the opposite direction; it was the biggest loser for the week as it slipped around 2%.

Commodity outfit, Golden Agri-Resources (SGX: E5H), which rose 1.7% for this week, announced on Friday that it had established a US$1.5 billion multicurrency medium term note programme. The net proceeds from the issuance will be used for general corporate purposes, working capital needs of the firm and repayment of outstanding borrowings. The shares closed at S$0.59 for the week.

Away from the blue-chip universe, Yanlord Land Group (SGX: Z25) surged 13% to finish at S$1.21 on no material news. At the end of February this year, it announced its financial results for 2013 where revenue rose 9.5% to RMB11.28 billion. However, net profits plunged 19.2% to RMB1.5 billion.

Another big gainer was Goodpack Limited (SGX: G05). It closed at S$2.33 after putting on a positive show in the form of a 6.4% gain for the week. The ballooning of the stock price was due to talks about a possible privatisation deal. It is currently valued at around 20 times its historical earnings.

STI is currently trading at a historical PE ratio of 14 and has a market capitalisation of S$529.5 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.