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

Welcome to the middle of Friday! Here are three things you might want to look at today (and/or over the weekend) for Singapore’s share market.

1. The Straits Times Index (SGX: ^STI) is up 0.3% to 3,306 points as of the time of writing (1:06pm). Since we’re on the topic of Singapore’s share market, have you wondered if we are due for a correction soon? I’m quite sure that’s a fear many market participants might have. But, let my colleague David Kuo show you why we should still continue investing even if we fear a market correction might be happening soon.

2. Within the STI’s 30 constituents, full-service carrier Singapore Airlines Ltd (SGX: C6L) happens to be one of the shares helping to prop up the index – the company has gained 0.3% to S$10.02.

There was an interesting piece of news recently about SIA’s low-cost carrier arm, Scoot. As it turns out, the budget carrier had accumulated total losses of S$25 million from 2012 to 2013. SIA had launched Scoot in 2012 in an effort to capture some of the growth in the burgeoning low-cost air travel market. But from what we’ve seen so far, the effort has yet to pay-off.

That said, there are interesting developments happening with Scoot at the moment which might help turn its fortunes around. My colleague Sudhan P digs in further here.

3. And speaking of interesting developments, this brings me to Singapore’s latest initial public offering, furniture maker Versalink Holdings Limited. There has been no shortage of companies wanting to list in Singapore this year and some examples of newly-listed firms include Japfa Ltd (SGX: UD2) and Starburst Holdings Ltd (SGX: 40D).

As for Versalink, I’d let Sudhan walk you through what you need to know about the company and its upcoming IPO in here and here.

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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 writer Chong Ser Jing doesn't own shares in any company mentioned.