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

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

1. The Straits Times Index (SGX: ^STI) ended the day at 3,416.94 points, falling 18.84 points or 0.55%. This is the second straight decline after the US Federal Reserve raised interest rates to a range of 1.25% to 1.5% yesterday.

Out of the 30 index components, 21 were in the red; six were in the positive territory while the rest were unchanged.

The company that slumped the most was land transport giant, ComfortDelGro Corporation Ltd (SGX: C52); its shares fell 2.1% to S$1.91.

A week ago, the firm announced its tie-up with Uber where ComfortDelGro would be acquiring a 51% stake in Uber’s wholly-owned Singapore car rental subsidiary, Lion City Holdings Pte Ltd, with Uber retaining the remaining interest.

Meanwhile, the biggest winner in the index was Thai Beverage Public Company Limited (SGX: Y92) as its stock price climbed 1.6% to S$0.97.

2. Real estate management services group, LHN Ltd (SGX: 41O), announced this morning details about its dual-listing on the Hong Kong stock exchange.

It would be offering 42 million new shares at between HK$1.90 and HK$2.36 per share. This translates to gross proceeds of up to HK$99.1 million (around S$17.1 million). Trading on the exchange is expected to begin on 29 December 2017.

LHN Ltd ended the day flat at S$0.205. However, for the week, its shares soared 12%.

3. SIA Engineering Company Ltd (SGX: S59), an aircraft maintenance, repair and overhaul firm, closed at S$3.11 today, down some 1% for the day. It is currently hovering at a 52-week low price as opposed to its 52-week high price of more than S$4 seen in end-June 2017.

Using Benjamin Graham’s 10-point checklist, my Foolish colleague, Chong Ser Jing, investigates if the company is worth taking a second look. Do check out his article to learn more.

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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.