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) gave up most of the gains that it had made earlier in the day to end Thursday at 3,334.91 points, up 0.18%. At around 2:00 pm, the benchmark index was at 3,354.27 points, its peak for the day.

The biggest winner in the index was UOL Group Limited (SGX: U14) as its shares went up 2.7% to S$8.98.

Meanwhile, Hongkong Land Holdings Limited (SGX: H78) came in as the index’s worst performer. The property developer’s shares tumbled 2.2% to US$7.63.

2. The following real estate investment trusts released their quarterly financial results on Tuesday so do check out their coverage below:

3. UMS Holdings Limited (SGX: 558) received a query from the stock market operator at around 1:03 pm for unusual stock price movements. At one point in time, the shares were changing hands at S$1.12, up 10% as compared to Tuesday’s close.

In response to the query, the company said that it had announced a bonus issue on 11 August 2017 and the notice of books closure date for the bonus issue was made public on 17 October 2017 (after the market closed). Yesterday, the stock market was shuttered due to a public holiday.

UMS’ shares ended the day at S$1.08, up 6.4%.

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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 Hongkong Land Holdings Limited. Motley Fool Singapore contributor Sudhan P doesn’t own shares in any of the companies mentioned.