The Singapore Market this Week


The local stock market barometer the Straits Times Index (SGX: ^STI) closed at 3,259 points for the week. This translates into a fall of 1% from its level of 3,293 points seen last Friday.

Most of the index’s 30 components did not do well. There were 25 index constituents that experienced a fall for the week while only three and two had stayed flat and  rose respectively.

Noble Group Limited (SGX: N21) fell the most with a 3.5% decline to close at $1.395. The commodities trading had firm proposed to issue US$350 million worth of perpetual capital securities that carried a 6% coupon.

Meanwhile,  Sembcorp Industries Limited (SGX: U96) had gained 1.7%, ending the week at $5.42.

In the mid-cap sector, one of the biggest risers was Singapore Post (SGX: S08) which increased 4.8% for the week to close at $1.75. Recently, the leading provider of mail, logistics and retail solutions in Singapore and Asia Pacific announced that Alibaba, an e-commerce giant based in China, will be taking a considerable stake in the firm.

At the other end of the spectrum, Rotary Engineering (SGX: R07) closed at S$0.74, down 5.7% from a week ago. Earlier this May, the company made public that its wholly-owned subsidiary ROIL Pte Ltd had incorporated an associated company in Batam, Indonesia called PT. Marino Logistics.

The STI is currently selling at a historical PE ratio of 13.7 and has a market capitalisation of S$533.9 billion.

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 contributor Sudhan P doesn’t own shares in any companies mentioned.