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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 Tuesday flat at 3,288.95 points.

The STI component that gained the most today was land transport outfit, Comfortdelgro Corporation Ltd (SGX: C52). Shares of the firm shot up by 2.5% to S$2.08.

Meanwhile, the biggest loser of the index was Yangzijiang Shipbuilding Holdings Ltd (SGX: BS6). The shipbuilder saw its shares decline 2% to S$1.46.

2. The following real estate investment trust released its latest financial results recently so do check out its coverage below:

3. Sarine Technologies Ltd (SGX: U77), on top of giving updates on the conditions of the diamond industry, issued a profit guidance for the third quarter of 2017 after market closed for the day.

The firm said that it estimates its sales for the third quarter to slightly exceed US$11 million, and that it expects to record a minimal operating loss of several hundred thousand dollars, including non-cash expenses of around US$1 million.

For the nine months ended 30 September 2017, the firm might report revenues of just below US$46 million and operating income of about US$7 million.

Investors will know for sure how the company has performed when it reports its quarterly results on or around 12 November 2017.

Sarine’s shares last changed hands at S$1.175, up 0.4% 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. Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.