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3 Things to Know About the Singapore Stock Market This Week

Welcome to the weekend, Fools! Here are three things about the local stock market that you might be interested in.

1. Port operator, Hutchison Port Hldg Trust (SGX: NS8U), was the biggest loser of the Straits Times Index (SGX: ^STI). It came down 4.4% to end Friday at US$0.43. Other than the trust, 12 other STI components ended the week in the red.

Meanwhile, 14 companies were in the positive territory, and three finished the week flat. The biggest winner of the lot was land transport giant, Comfortdelgro Corporation Ltd (SGX: C52). The firm’s shares rose 5.3% to S$2.08.

All-in-all, the STI ended the week at 3,219.9 points, down 0.34 points.

2. APAC Realty (SGX: CLN) made its trading debut on Thursday at S$0.695, up 5.3% from its initial public offering (IPO) price of S$0.66.

The firm is a real estate services provider that has three main business segments – real estate brokerage services; franchise agreements; and training, valuation and other ancillary services.

The real estate brokerage services are operated by its wholly-owned subsidiary, ERA Realty Network Pte Ltd, under the ERA brand.

Simon Lim, Head of Equity Capital Market (Sectors) of Singapore Exchange  (SGX: S68), said:

“We are pleased to welcome the listing of APAC Realty on Mainboard. This listing marks the return of ERA Realty to the Singapore capital market, giving investors an opportunity to tap on the property cycle in Singapore and in the regional markets where ERA Realty has presence.”

Shares of the firm ended the week at S$0.775, ballooning 17.4% as compared to its IPO price.

3. The STI ETF (SGX: ES3), an exchange-traded fund which can be taken as a proxy of the Straits Times Index, is now valued at 11.1 times trailing earnings and has a dividend yield of 3.1%.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. The Motley Fool Singapore has recommended shares of Singapore Exchange Limited. Motley Fool Singapore contributor Sudhan P owns shares of Singapore Exchange Limited and units of STI ETF.