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What Has Happened With The Singapore Market this Week?

The Straits Times Index  (SGX: ^STI) has nudged up by 0.1% from last Friday to close at 3,454 points on Thursday. This week saw only four trading days due to the Good Friday public holiday.

Of the 30 companies that make up the Singapore market bellwether, 16 ended the week in the green with Thai Beverage Public Company Limited (SGX: Y92) leading the pack. The maker of Chang Beer had chocked up a 5.4% weekly gain to close Thursday at S$0.785.

Thai Beverage will be holding its Annual General Meeting for the financial year ended 31 December 2014 (FY 2014) on 22 April in Thailand.

2014 had been a decent year for the company. With a 4% increase in revenue to THB162 billion for the year on the back of better sales in its spirits, beer, and food businesses, Thai Beverage’s profit consequently jumped by 13% to THB22 billion.

Meanwhile, 12 of the Straits Times Index’s 30 components had made losses in the week with just two of the blue chips – namely Keppel Corporation Limited (SGX: BN4) and Hutchison Port Hldg Trust (SGX: NS8U) – ending the week flat.

The biggest loser in the index was ComfortDelGro Corporation Limited (SGX: C52); the land transport outfit’s shares had declined by 2.7% to S$2.86.

Outside the index, Second Chance Properties Ltd (SGX: 528) saw its shares clock a weekly loss of 4% to S$0.36.

The company had reported its second-quarter results on Monday and saw its quarterly revenue decrease by 4.1% year-on-year to S$10 million. The top-line decline had affected Second Chance’s bottom-line as its net profit had slipped by 7.5% to S$2.5 million. No dividends were declared for the quarter.

A day after its results were released, Second Chance announced that its Finance Manager, Ms Reema Agrawal, had resigned to “pursue personal interests” and that it had appointed Mr Alagappan Perianan as a Financial Controller.

The SPDR STI ETF (SGX: ES3), a proxy for the Straits Times Index, is currently selling for 13.8 times its historical earnings.

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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 Sudhan P owns shares in Second Chance Properties Ltd.