The Week In Numbers: Turning Turtle

Singapore Exchange has launched 11 stock market indices that will track four key stock market themes. The four themes are healthcare, real estate, minerals, oil & gas and maritime & offshore.

The two indices that cover real estate companies and Real Estate Investment Trusts (REITS) are deemed to be tradable. That means providers could develop Exchange Traded Funds that track the performance of the two indices. Not a day too soon.

The world’s biggest pension fund has lost US$64 billion in the last quarter. It would seem that the stock market rout in August and September saw the value of Japan’s Government Pension Investment Fund fall by 5.6%. The fund manager said: “Short-term market moves led to gains and losses, but over 14 years since we started investing, the overall trend is upwards.” Stock markets don’t go up in a straight line.

In a related development, the value of Singapore-listed companies fell 3.1% in November, when the market turned turtle. The total market value of Singapore’s quoted companies stood at S$854.6 billion, with weakness across the board. Amongst the Straits Times Index (SGX: ^STI), SingTel (SGX: Z74) lost 3.8%; DBS Group (SGX: D05) shed 4.4% and Hongkong Land (SGX: H78) dipped 6.2%. One swallow does not make a summer.

Businesses borrowed less money in October, according to the Monetary Authority of Singapore. Loans through Singapore banks, which include DBS Group, UOB (SGX: U11) and OCBC (SGX: O39), fell 1.1% to S$602 billion. There was a fall in lending in most business segments but construction loans were stronger. You can lead a horse to water but you can’t make it drink.

And finally, a Canadian college student was caught smuggling 51 live turtle into the US. He had 41 live turtles strapped to his leg and another 10 hidden between his legs. What a pity they weren’t snapping turtles!

The Motley Fool’s purpose is to help the world invest, better. Click here now for your FREE subscription to Take Stock - Singapore, The Motley Fool’s free investing newsletter. Written by David Kuo, Take Stock - Singapore tells you exactly what’s happening in today’s markets, and shows how you can GROW your wealth in the years ahead.

Like us on Facebook to keep up to date with our latest news and articles. The Motley Fool’s purpose is to help the world invest, better.

The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore Director David Kuo doesn’t own shares in any companies mentioned.