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 over the weekend about Singapore’s share market.

1. Singapore’s market benchmark, the Straits Times Index (SGX: ^STI), is up 0.23% to 3,312 points as of the time of writing (1:16pm, 14 November 2014). One share that helped prop the index higher is land transport outfit ComfortDelGro Corporation Limited (SGX: C52) – shares of the firm have stepped up by 0.38% to S$2.62. The firm had just released its third quarter earnings yesterday and saw a 5.3% increase in net profit. My colleague Chin Hui Leong took a detailed look at the company’s earnings earlier today, so check it out here.

2. Sticking to ComfortDelGro, did you know that its biggest rival in Singapore’s taxi industry is going to be listed soon? That rival is none-other than Trans-cab Holdings. With 4,686 taxis at the moment, Trans-cab is looking to raise funds from its listing to help expand its fleet of taxis to 5,234 by 2015. The company’s also looking at possibly entering the public bus industry in Singapore in the future, a move which would place it in direct competition with SMRT Corporation Ltd. (SGX: S53) and SBS Transit Ltd. (SGX: S61). Find out more of what you need to know about Trans-cab through my colleague James Yeo’s detailed look at the company’s upcoming initial public offering.

3. Let’s shift our focus now away from Singapore and onto Hong Kong. In a widely-anticipated move throughout Asia’s investing circles, the stock exchanges in Shanghai and Hong Kong would be connected through the Shanghai-Hong Kong Stock Connect initiative starting next week. Investors outside China, who for many years were barred from investing in China-listed companies by the country’s government, can now finally gain access to these Chinese shares. Would this development have any impact on Singapore’s stock market operator Singapore Exchange Limited (SGX: S68)? My colleague Stanley Lim gives his take 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.