What You Need to Know About the Singapore Stock Market Today

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 local stock market, as represented by the Straits Times Index (SGX: ^STI), ended Monday at 3,488, up 1.3% or 44 points.

Of the 30 index components, Yangzijiang Shipbuilding Holdings Ltd (SGX: BS6) was the biggest winner. The shipbuilder’s share price went up 5.8% to S$1.47. Meanwhile, Jardine Strategic Holdings Limited (SGX: J37) was the biggest loser within the index after its shares tumbled 1.4% to US$37.78.

2. Local stock market operator and regulator, Singapore Exchange Limited (SGX: S68) (SGX), will roll out successor products to its SGX Nifty family of products before August this year.

The new products will “provide market participants with the same ability to invest and maintain their risk exposure to the Indian capital markets” and enable traders “to transition seamlessly to these products before the expiry of SGX’s licence agreement with the National Stock Exchange of India (NSE)”.

The latest move came after SGX announced last week that India’s three major stock exchanges, including NSE, would stop providing market data to overseas exchanges in an effort to curb migration of trading volumes from India. SGX’s share price rose 4.6% today to S$7.71.

3. Pan-United Corporation Ltd (SGX: P52), which prides itself on being at the forefront of concrete technologies with more than 300 types of specialised ready-mixed concrete products, saw its shares increase 6.2% to end the day at S$0.43.

During Singapore Budget 2018, Finance Minister Heng Swee Keat pointed out the company as an innovator which has created a new type of flexible concrete to help cushion the landing of aircraft.

Making use of clever puns, he added that Pan-United is “a concrete example of how innovation can help a firm cement its position as a market leader.” This drew laughter from the Parliament.

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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 Singapore Exchange Limited. Motley Fool Singapore contributor Sudhan P owns shares in Singapore Exchange Limited.