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3 Things 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 Straits Times Index (SGX: ^STI) ended the day at 3,412.5, down 0.3% or 8.9 points. Out of the 30 index components, 16 were in the red; 12 were in the green while the rest ended Monday unchanged.

Hutchison Port Hldg Trust (SGX: NS8U) came in as the biggest loser of the index after its units slumped 1.6% to US$0.315.

Shares of Comfortdelgro Corporation Ltd (SGX: C52), on the other hand, were driven up 2.5% to S$2.04. This made the land transport giant the best performer of the lot.

2. Elsewhere, Rowsley Limited (SGX: A50) announced that it had entered into a facility agreement for S$130 million of new credit facilities, comprising of S$100 million 18-month term loan facility and S$30 million revolving loan facility.

The term loan would be used to redeem the S$100 million 6.5% notes due tomorrow. There will be no outstanding notes after redemption and cancellation of the notes.

Rowsley added that the “revolving loan facility will be used to fund working capital requirements, business expansion, acquisition, and any other investments related to the healthcare industry, the real estate industry, and the hospitality industry”.

Last Friday, during an extraordinary general meeting, shareholders approved Rowsley’s expansion into the healthcare sector.

Rowsley ended Monday at S$0.123, up 2.5%.

3. ayondo Ltd (SGX: 1I5), a global financial technology group that offers social trading and brokerage services, debuted on our local bourse today. ayondo joins 74 other technology companies listed on our local stock exchange, bringing the total market capitalisation to over S$84 billion.

Robert Lempka, chief executive of the newly-listed firm, said:

“We are extremely excited that ayondo is the first fintech company to list on the Singapore Exchange. SGX has proven to be a great partner and we are looking forward to fully unfold the potential of our Catalist listing which will provide an excellent platform to accelerate brand awareness and will enable us to continue to execute our growth strategy.”

Shares of ayondo opened at S$0.24 this morning, down from its initial public offering price (IPO) of S$0.26, before ending the day at the IPO price.

To learn more about the listing and the company, you can head here.

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