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

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

1. The Straits Times Index (SGX: ^STI), ended the day at 3,236.65 points, down 9.43 points or 0.3%.

The biggest loser in the index was Comfortdelgro Corporation Ltd (SGX: C52), tumbling some 2% to S$2.00.

Meanwhile, Yangzijiang Shipbuilding Holdings Ltd (SGX: BS6) came in as the index’s best performer. The shipbuilder’s shares surged 2.4% to S$1.465.

2. SIA Engineering Company Ltd (SGX: S59), which was ousted from the STI last month, received a query from the stock market operator and regulator in the early trade today. Its shares fell to a low of S$3.15 before recovering to end the day at S$3.21. As compared to yesterday’s close, the shares had plunged more than 7%.

Yesterday, the firm announced that it had incorporated a joint venture company, Moog Aircraft Services Asia Pte Ltd, with Moog Inc. SIA Engineering will hold a 49% equity stake in the business while Moog will hold the remaining.

The new firm will provide maintenance, repair and overhaul services for Moog-manufactured flight control systems fitted on new generation aircraft, including Boeing 787 and Airbus A350.

3. Singapore Exchange Limited (SGX: S68) is joining hands with CFA Society Singapore and MoneySENSE to launch the “Save and Invest Portfolio Series” with Chinese daily, Lianhe Zaobao, to encourage Chinese-language readers to save and invest for the future.

A series of the same name has been running successfully in The Sunday Times Invest section for the past two years.

Lynn Gaspar, Senior Vice President for Client Development & Relationships at SGX, said:

“We are excited to bring the well-followed Save and Invest portfolio series to Lianhe Zaobao readers, as part of our efforts to build more investment education resources for the Mandarin-speaking community. Some of this Mandarin content will also be offered through webcasts and webinars, in line with SGX’s digital thrust to engage retail investors through online channels. Through this collaboration with our partners, we can share new investment insights and knowledge to a wider group of investors.”

Shares of SGX last changed hands at S$7.44, down 0.1% for the day.

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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.