How did the Singapore Stock Market Perform Ahead of the Nation’s Birthday?

Even though Singapore will be celebrating its Golden Jubilee this weekend, the Straits Times Index  (SGX: ^STI) did not seem to be keen on partying with it slipping by 0.2% during the week to close yesterday at 3,197 points.

Of the index’s 30 constituents, 15 had suffered a weekly loss while 13 managed to pull in with some gains. The two which managed to remain unchanged for the week were CapitaLand Limited (SGX: C31) and StarHub Ltd (SGX: CC3).

Telecommunications outfit StarHub released its fiscal second-quarter earnings on Wednesday. For the three months ended 30 June 2015, the telco saw its revenue increase 2.3% year-on-year to S$589.5 million. Meanwhile, its profit climbed at a slightly faster pace at 5% to S$99.1 million.

Among the 15 blue chips which finished the week in the red, the biggest loser was casino operator Genting Singapore PLC (SGX: G13). It had slumped by 5.7% to S$0.83.

On Tuesday, Genting Singapore, which operates Resorts World Sentosa, issued a profit guidance and commented that it is “expected to report a significant decline in net profits after tax for the second quarter ended 30 June 2015” mainly due to “fair value loss on derivative financial instruments as a result of unfavourable market conditions and unrealised foreign exchange translation losses.” The market will know for sure how the company had fared when it releases its actual results on 13 August 2015.

Meanwhile, the best performer in the index for the week was a company that had slumped around 28% last week and it’s none other than Noble Group Limited (SGX: N21).

The embattled commodity firm said on Monday that it had been “approached by a number of parties in terms of potential financings, and strategic and/or investment options.” The market cheered the news, judging by how Noble had  reversed nearly all the losses it saw in the previous week to gain 27.5% over the past four days to finish Thursday at S$0.58.

Moving away from the blue-chip universe, food & beverage retail outfit BreadTalk Group Limited (SGX: 5DA) slipped by 1.8% during the holiday-shortened week to S$1.335.

Just like StarHub, the company too released its second-quarter earnings on Wednesday. Broad-based sales growth across all its business divisions – Bakery, Food Atrium, and Restaurant  – contributed to a 10.7% year-on-year increase in revenue. With BreadTalk keeping its profit margin firm as compared to a year ago, its net profit also managed to step up by 10% to S$2.9 million.

The SPDR STI ETF (SGX:ES3), a proxy for the Straits Times Index, is now going at 12.8 times its trailing earnings and has a dividend yield of 4.4%.

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Do join us at Invest FAIR Singapore (at Suntec Centre, Booth B-16) on that day and have a chat with us at our booth. You can also catch our MAS-licensed Director, David Kuo, give his official SGX investor presentation.

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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.