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

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

1. The Straits Times Index (SGX: ^STI), Singapore’s market benchmark, is down by 1.00% to 3,291 points as of the time of writing (2:58 pm) with 27 of its 30 constituents clocking losses. But while Singapore’s blue chips are not having a good day, the recently-listed UG Healthcare Corp (SGX: 41A) is having a much better experience with its shares up 2.17% to S$0.235.

The Malaysian-based glove maker, which only started trading on 8 December 2014, was listed at S$0.215. So, investors have had a healthy return so far. UG Healthcare is not alone in being a recent IPO that has delivered nice gains for investors; investment product distributor iFAST Corporation Ltd (SGX: AIY) is another. The company, which has a listing price of S$0.95, is now up by 15.8% at S$1.10 after its shares commenced trading for the first time only on 11 December 2014.

Looking at such gains, are IPOs in Singapore generally underpriced? A friend of mine had recently asked me the same question too and it led me to dig deeper into the topic. The short answer to the question is “No.” For the longer answer (which stunned me and my colleagues), check it out here.

2. Given the recent volatility seen in the price of oil, investors might naturally be worried about what future oil price movements might mean for the stock market. But as it turns out, such worries might be overblown as great companies can still continue to build wealth for their owners irrespective of what oil does. Click here for more of what I have to say on the topic.

3. The Straits Times Index has been flat for close to three years ever since it started 2011 at around 3,200 points. This has led to some investors questioning the health of Singapore’s stock market. But, it certainly hasn’t stopped my colleague David Kuo from having positive feelings about the future. Jump in here to find out why David thinks so.

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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.