Last Week’s Movers And Shakers In Singapore’s Stock Market

Last week saw only three trading days as a result of the Chinese New Year holidays. In that week, Singapore’s stock market bellwether, the Straits Times Index  (SGX: ^STI), slumped around 83 points, or 3.2%, to end at 2,540.

Of the 30 index stocks, only two ended the week with gains while some 27 saw their prices decline.

Container port owner Hutchison Port Holdings Trust (SGX: NS8U) was the blue chip that suffered the most in the week with it tumbling 7.7% to US$0.42.

The business trust went ex-dividend last Thursday. It will be handing out 18.70 Hong Kong cents per unit as distributions for its unitholders for the six month period from 1 July 2015 to 31 December 2015.

For the full-year ended 31 December 2015, Hutchison Port Holdings Trust’s revenue had dipped by 0.1% to HK$12.6 billion. Meanwhile, net profit was at HK$1.74 billion, as compared to a net loss of HK$17.2 billion seen in the previous year.

The index’s best performer last week was StarHub Ltd  (SGX: CC3), which gained 1.1% to S$3.63. The telco will be announcing its financial results for the full year ended 31 December 2015 this week on Tuesday, 16 February. For the third-quarter of 2015, StarHub’s revenue inched up by 1.9% year-on-year to S$589.5 million while net profit ballooned by 21.5% to S$118.7 million.

StarHub’s rival, Singapore Telecommunications Limited (SGX: Z74), announced its financial results for its fiscal third-quarter (the three months ended 31 December 2015) last Friday morning. Although the telco’s revenue had stepped up slightly by 1% to S$4.5 billion, its profit had declined by 1.7% to S$954 million. SingTel’s shares had slumped by 3.2% last week to end Friday at S$3.58.

The SPDR STI ETF (SGX: ES3), an exchange-traded fund which can be taken as a proxy for the Straits Times Index, is currently valued at 10.5 times trailing earnings and has a dividend yield of 3.9%.

For investing tips and tricks and to keep up to date on the latest financial and stock market news, sign up now for a FREE subscription to The Motley Fool's weekly investing newsletter, Take Stock Singapore. It will teach you how you can grow your wealth in the years ahead.

Also, like us on Facebook to follow our latest hot 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 contributor Sudhan P doesn’t own shares in any companies mentioned.