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

Welcome to the middle of the week! Here are three things you might want to look at today (and for the rest of the week) about Singapore’s share market.

1. Singapore’s market barometer, the Straits Times Index (SGX: ^STI), is off to a bright start for the day as it’s up by 0.24% to 3,330 points as of the time of writing (2:13 pm).

It seems that the delay to the start of trading today has not dampened the market’s optimism. The Singapore Exchange Limited (SGX: S68) had pushed back the opening of the securities market from the usual 9:00am to 12:30pm. It can be a minor inconvenience for investors to have the market’s open delayed, but for long-term investors, this really is a non-event. I’ve dug deeper into the topic earlier in the day, so do check it out here.

2. Moving on to a hot topic, the price of oil had rallied briefly earlier in the week, but now still sits around US$70 a barrel after being as high as US$115 a barrel only in June this year. The sharp decline in the price of oil has led to shares like PACC Offshore Services Holdings Ltd (SGX: U6C) and Ezra Holdings Limited (SGX: 5DN) to decline by 56% and 46%, respectively, between the start of June and December this year.

This event might also lead to some investors wondering which are the strongest and weakest oil & gas-related companies. I’ve certainly given the topic some thought and had wrote about it recently. For the best-positioned oil & gas shares, see here; for the weaker ones, click here.

3. I’d move on now to interesting investing discussions. My colleague Stanley Lim recently wrote about a 10 year-old investing prodigy who impressed him mightily; find out what’s so special about the child in here. Another of my colleague, Chin Hui Leong, had penned a simple guide to three important things a new investor needs to know; check it out 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.