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3 Things You Need to Know About the Singapore Stock Market Today

Hello, everyone! Here are three things about the local stock market and investing in general that you might be interested in today.

1. The Straits Times Index (SGX: ^STI), finished the day at 3,342.92 points, declining 5.88 points or 0.18%.

The biggest loser in the index was commodity firm, Golden Agri-Resources Ltd (SGX: E5H), slumping 2.5% to S$0.30.

Meanwhile, the STI component that gained the most today happened to be Yangzijiang Shipbuilding Holdings Ltd (SGX: BS6). The shipping firm added 2.08% to S$1.475.

2. The earnings season is here so for the latest earnings coverage, check out below:

3. Micro-Mechanics (Holdings) Ltd (SGX: 5DD), a manufacturer of high precision tools used in the semiconductor industry, announced that it had clinched a Special Commendation Award at the Singapore Governance and Transparency Forum 2017 held on Tuesday this week.

Furthermore, in the 2017 Singapore Governance & Transparency Index (SGTI), the company achieved a score of 92 points to rank 19th out of 606 companies listed on the Singapore stock exchange. This is a vast improvement as compared to 2016. In that year, the company scored 85 points to rank 27th out of 631 companies.

Micro-Mechanics’ Chief Executive Officer, Mr Chris Borch, commented on the latest win by his company:

“We are honoured to receive this award which recognises our efforts to practise transparency and good corporate governance. This is a notable achievement as the top 20 companies in the SGTI comprises mainly large capitalisation companies. At Micro-Mechanics, accurate, complete and timely information is the foundation for sound decision making — not just for investors — but for everyone from our board room to the shop floor.”

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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 does not own shares in any companies mentioned. The Motley Fool Singapore has recommended shares of Micro-Mechanics (Holdings) Ltd.