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The Singapore Market this Week

StockMarketBoard

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.

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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.