The Singapore Market this Week

The Straits Times Index (SGX: ^STI) closed at 3,198 points for the week. This was a rised decline of half a percent over the previous week’s close of 3,213 points.

The largest gainer among the Straits Times Index’s 30 shares for the week was Hongkong Land Holdings (SGX: H78), which closed at US$6.78, gaining some 5%. On the other hand, the STI component that slumped the most was Jardine Strategic Holdings (SGX: J37). Shares of the conglomerate last changed hands at US$34.61, falling 2.8% from a week ago.

In all, 11 of the Straits Times Index’s constituents ended the week in positive territory. 16 others were seen in negative territory while three finished the week unmoved.

In the mid-cap sector, M1 Limited (SGX: B2F) lost 5% to close at S$3.27. It went ex-dividend on Friday and shareholders who are entitled to the dividends will be paid a total of 14.2 Singapore cents on 25April 2014. The firm’s first quarter results will be released on Monday, 14 April 2014.

CapitaCommercial Trust (SGX: C61U) was one of the largest gainers in the mid-cap sector. It surged 3.6%, closing at S$1.59 for the week. It will release its first quarter results on Thursday, 17 April 2014. Two days prior to its earnings release, it will be holding its Annual General Meeting for the financial year that ended in December 2013.

The STI is currently trading at a historical PE ratio of 14.

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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.