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

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

1. The Straits Times Index (SGX: ^STI), ended Thursday at 3,399.10 points, inching up by 7.43 points or 0.2%.

Hutchison Port Hldg Trust (SGX: NS8U) emerged as the biggest gainer of the index; its units added 1.2% to US$0.415.

On the other hand, Jardine Cycle & Carriage Ltd (SGX: C07) slumped 0.7% to S$40.19, coming in as the largest loser of the lot.

2. CapitaLand Limited (SGX: C31) has purchased its first office property in Germany in a bid to expand its commercial business beyond Asia.

The real estate giant has bought a freehold office building – Main Airport Center (MAC) – located in Frankfurt, Germany, for €245 million (S$392 million) through a joint venture with Lum Chang Holdings Limited (SGX: L19).

CapitaLand will have a 94.9% stake in the joint venture while Lum Chang holds the remaining stake.

Source: CapitaLand Limited’s Presentation

MAC is 84% occupied with more than 30 tenants from various sectors such as aviation, healthcare and technology. It is situated close to the Frankfurt Airport and is a 20-minute drive to Frankfurt’s Central Business District. The 13-storey building has a total net lettable area of over 648,000 square feet.

Shares of CapitaLand ended the day at S$3.53, up 0.6%, while Lum Chang’s shares last changed hands at S$0.37, rising 1.4%.

3. No Signboard Holdings Ltd (SGX: 1G6) posted its financial results for the financial year ended 30 September 2017. Revenue rose 7.3% year-on-year to S$24.4 million. However, net profit fell 1.3% to S$7.7 million, mainly due to higher operating expenses.

The food and beverage outfit’s shares rose 4% to S$0.26 today.

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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.