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The Singapore Stock Market Today: Lion-Phillip S-REIT ETF Makes Its Debut

Welcome to a brand-new week, everyone! Here are three things about the local stock market that you might be interested in today.

1. The Straits Times Index (SGX: ^STI), finished Monday at 3,375.97 points, down 10.47 points or 0.31%.

The biggest loser in the index was container port owner Hutchison Port Holdings Trust (SGX: NS8U), which slumped 2.2% to US$0.435. The business trust posted its third quarter financial results after the market closed for the day.

For the three months ended 30 September 2017, revenue and other income dropped 1.3% year-on-year to HK$3.22 billion. Profit attributable to unitholders of the trust was HK$270.4 million, down 37.1% as compared to a year ago. Consequently, earnings per unit fell by the same percentage to 3.10 HK cents.

On the other end of the spectrum was Golden Agri-Resources Ltd (SGX: E5H). The palm oil producer’s stock price climbed 1.3% to S$0.395.

2. We are into the earnings season right now. Here are some of the latest coverage:

a) Raffles Medical Group (SGX: BSL) – head here

b) Micro-Mechanics (Holdings) Ltd (SGX: 5DD) – head here

Earnings brief: Raffles Medical Group’s diluted earnings per share (EPS) for the third quarter of 2017 was 0.92 cents, unchanged as compared to a year ago. As for Micro-Mechanics, its diluted EPS for the first quarter of its FY2018 (fiscal year ending 30 June 2018) ballooned 53.1% year-on-year to 3.72 cents.

3. Lion-Phillip S-REIT (SGX: CLR), Singapore’s first exchange-traded fund (ETF) that is dedicated fully to Singapore real estate investment trusts (REITs), made its debut today. You can find out more about the ETF here. A comparison between the latest REIT ETF and two other REIT ETFs already available on the local stock market can be found here.

Lion-Phillip S-REIT ETF closed at S$1.023 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 Raffles Medical Group Ltd and Micro-Mechanics (Holdings) Ltd. Motley Fool Singapore contributor Sudhan P owns shares of Raffles Medical Group Ltd and Micro-Mechanics (Holdings) Ltd.