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How Did the Singapore Stock Market Perform Today?

Hi, Fools! 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), ended the day after our nation’s birthday at 3,323.24 points. This was a slight increase of 5.16 points or 0.16%.

The STI component that gained the most today was shipbuilder, Yangzijiang Shipbuilding Holdings Ltd (SGX: BS6), adding 2.6% to S$1.595.

Early this week, the shipping firm announced its financial results for the second quarter of 2017. For the quarter, revenue increased by 27% year-on-year to RMB3.8 billion as all of its business segments did well. Meanwhile, net profit surged 73% to RMB719.9 million.

On the other hand, Jardine Cycle & Carriage Ltd (SGX: C07), was the STI component that lost the most ground. It slipped 3.5% to S$40.12.

2. The financial results for the period ended 30 June 2017 are coming in thick and fast, so do check out some of the latest coverage below:

3. You might have heard that stocks tend to rise over the long-term but have you ever thought why? My Foolish colleague, Jeremy Chia, reveals the reasons why this is so. Jump in here to find out more.

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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 owns shares in VICOM Limited and Boustead Projects Ltd.