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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%.

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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.