3 Things You Need To Know About The Singapore Share Market Today

stock-ticker-red-greenWelcome to Wednesday. Here are three things you might want to look at today for Singapore’s share market.

1. The Straits Times Index (SGX: ^STI) is up 0.5% to 3,340 points this morning (as of 11:20 am, 27 Aug 2014). Top performing constituents today include Olam International Ltd (SGX: O32) and Thai Beverage Public Company Limited (SGX: Y92), which are up 2.0% and 2.3% respectively. Hongkong Land Holdings Limited (SGX: H78) is one of the worst performers with its shares down roughly 1%.

2. OSIM International Ltd (SGX: O23) has fallen more than 3.5% to S$2.72 per share after announcing a convertible bond issue. OSIM will be issuing S$170 million five-year zero-coupon convertible bonds with an initial conversion price of S$3.525 per share.

3. Oversea-Chinese Banking Corp. Limited (SGX: O39) and Great Eastern Holding Limited (SGX: G07) have confirmed that they are in exclusive talks with Thai billionaire Charoen Sirivadhanabhakdi regarding a sale of their stakes in United Engineers Limited (SGX: U04). Shares of United Engineers have jumped by more than 2.5% as a result. News about a potential deal for United Engineers’ shares between the three main players – OCBC, Great Eastern, and Sirivadhanabhakdi – had first appeared last week, though there was no confirmation given at that time.

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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 Stanley Lim does not own any companies mentioned above