MENU

Three Shares That Beat the Market Today

The Straits Times Index (SGX: ^STI) had slipped by 0.6% to 3,258 points with 18 out of its 30 constituents posting losses. Only 10 blue chips had managed to make some headway during the trading session. What were some of the shares, both within and outside the index, that had beat the market today?

CapitaMalls Asia (SGX: JS8) has gained 0.5% to S$2.22. Earlier today, CapitaMall Trust (SGX: C38U) had released its first quarter results which saw a 4.5% year-on-year increase to 2.57 Singapore cents for its quarterly distribution per unit. The real estate investment trust, with a focus on retail malls, had experienced growth despite seeing shopper traffic and tenants’ sales decline year-on-year by 1.9% and 4.0% respectively in its portfolio of malls. CapitaMall Trust is managed by CapitaMalls Asia with the latter also owning a 27% stake in the former.

The aptly-named gold miner CNMC Goldmine (SGX: 5TP) is next in line with a 7.8% gain to S$0.275. Just last week, the company revealed that it had fully repaid a convertible loan of S$1.45 million that it had borrowed from a consortium of investors.

CNMC Goldmine had borrowed the money back in 15 July 2013 and had managed to repay the loan using its own cash resources. The loan had previously allowed the lenders to convert it into shares of the company at a conversion price of S$0.44 each.

Electronic products manufacturer Aztech Group (SGX: 560) rounds up the trio with a 1.3% rise to S$0.159. The company had announced its first quarter earnings earlier today and managed to post some stunning growth numbers. For the three months ended 31 March 2014, revenue almost doubled from S$44.3 million a year ago to S$85.6 million. Meanwhile, profits had spiked by 423% to S$1.68 million. Most of its business segments had performed well but the Materials Supply segment could be singled out for praise as revenue from it had jumped from S$4.2 million a year ago to S$43.8 million; the segment had received two contracts in May 2013 for the supply of infrastructure materials that were executed in the latest quarter.

Click here now for your FREE subscription to Take Stock Singapore, The Motley Fool's free investing newsletter. Written by David Kuo, Take Stock Singapore tells you exactly what's happening in today's markets, and shows how you can GROW your wealth in the years ahead.  

The Motley Fool's purpose is to help the world invest, better. Like us on Facebook  to keep up-to-date with our latest news and articles.

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.