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

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

1. The local stock market, as represented by the Straits Times Index (SGX: ^STI), is still chiong-ing up and hitting new highs last seen in end-2007. For the day, the index rose 17.16 points, or 0.48%, to 3,609.24 points.

Among the 30 index constituents, 19 were in the green, with the biggest winner being Genting Singapore PLC (SGX: G13). Shares of the casino operator surged by 4.5% to S$1.39.

Meanwhile, Sembcorp Industries Limited (SGX: U96) lost the most ground among the blue-chips as its shares tumbled 1.4% to S$3.47.

Sembcorp’s peer, Keppel Corporation Limited (SGX: BN4), also featured in the losers’ camp; its stocks fell 0.7% to S$8.63. Five other index components were in the red while four of them ended the day unchanged.

2. The earnings season is here so do check out some of the latest earnings coverage below:

a) CapitaLand Mall Trust (SGX: C38U) – click here

b) M1 Ltd (SGX: B2F) – click here

c) Frasers Centrepoint Trust (SGX: J69U), Mapletree Industrial Trust (SGX: ME8U) and Suntec Real Estate Investment Trust (SGX: T82U) – click here

3. Japan Foods Holding Ltd (SGX: 5OI) announced the launch of its newly self-developed brand, Curry is Drink, which features two types of curries with differing heat levels as the main attraction. The first outlet opened at Changi City Point today.

Takahashi Kenichi, the executive chairman and chief executive of Japan Foods, said:

“‘Curry is Drink’ is a new concept that aims to promote the idea of curry not only as a sauce but also as a drink. In some parts of Japan such as Hokkaido, curry is served as a soup and customers get to drink it instead of eating it the usual way, which is to douse their meals with the sauce. With this new brand, customers get to choose their preferred style of eating it.

We are optimistic about the concept and hope it will excite customers. If it is well received, we will open more outlets across Singapore.”

The food and beverage outfit last traded at S$0.46 on Friday.

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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 units of CapitaLand Mall Trust. Motley Fool Singapore contributor Sudhan P owns units of CapitaLand Mall Trust and shares of Sembcorp Industries Limited.