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How Did the Local Share Market Fare This Week?

Singapore’s stock market bellwether, the Straits Times Index  (SGX: ^STI), has fallen by 1% from 3,487 points last Friday to close at 3,452 yesterday.

Of the index’s 30 components, 21 ended with losses for the week, eight were in positive territory while one – Genting Singapore PLC (SGX: G13) – remained where it was.

Yet again, it was commodities traer Noble Group Limited (SGX: N21) that lost the most within the index; shares of Noble slipped by 4% to S$0.83. In Noble’s recent fiscal first-quarter results, the firm reported that revenue had tumbled 7% year-on-year to US$16.6 billion while net profit had slumped 30% to US$106.6 million.

Meanwhile, the best performer in the index was beer and spirits maker, Thai Beverage Public Company Limited (SGX: Y92). It gained 2.8% to S$0.735.

Outside the index, the market was quite clearly disappointed with OSIM International Ltd’s (SGX: O23) fiscal first-quarter earnings.

Shares of the health and wellness outfit suffered a 17.7% weekly decline in price to S$1.67 after it posted some dismal numbers on Wednesday. OSIM cited a “challenging quarter where retail sales across the core countries has been soft” as one of the reasons that led to a 53% year-on-year collapse in quarterly profit to S$13.5 million. A lack of new major OSIM product launches also contributed to the firm’s poor showing.

The SPDR STI ETF (SGX: ES3), a proxy for the Straits Times Index, is now valued at 13.8 times its historical earnings and has a dividend yield of 2.7%.

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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 doesn’t own shares in any companies mentioned.