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 Monday at 3,579.5 points, inching up by 0.2% or 6.2 points.

Of the 30 index components, the biggest winner was Singapore Exchange Limited (SGX: S68). The local bourse operator’s shares rose 1.9% to S$7.70.

On Friday, the company reported that its third-quarter net profit came in at S$100 million, up 21% year-on-year. In its googlearnings press release, Loh Boon Chye, Singapore Exchange’s chief executive, said:

“We achieved a strong set of results this quarter, with our net profit reaching a new 10-year record high and our revenues hitting their highest levels since we listed in 2000. We actively engaged liquidity providers and focused on outreach to investors, which contributed to increased activity in the securities market. Our marketing efforts, together with longer trading hours enabled by our new derivatives trading and clearing platform, added to an increase in global participation across products and trading sessions.”

To know more about the latest results, you can head here.

On the other hand, the biggest loser of the index was Yangzijiang Shipbuilding Holdings Ltd (SGX: BS6); its shares declined by 1.7% to S$1.19.

2. Apart from Singapore Exchange, the following real estate investment trusts reported their latest quarterly results. You can check out the earnings coverage below:

a) Frasers Commercial Trust (SGX: ND8U) – head here

b) ESR-REIT (SGX: J91U) – head here

c) CapitaLand Mall Trust (SGX: C38U) – head here

3. A-Smart Holdings Ltd (SGX: BQC) announced today that it is partnering with Google Asia Pacific Pte Ltd to bring Google Home and Google Home Mini to more Singaporeans. It will do so by working with real estate developers and contractors to establish Google Home and Google Home Mini in local housing and property development projects.

The firm also added that it would join hands with public organisations, associations and societies to conduct outreach, educational and awareness programmes on smart, intelligent living, using advanced Google technologies. A-Smart, an integrated print solutions provider, has since expanded its business to include smart technologies.

The chief executive of A-Smart, Lim Huan Chiang, said:

“We are excited in partnering Google Asia Pacific to roll out this novel and cutting-edge smart home product. We are already in talks with several organisations like HomeTeamNS, grass roots organisations, property developers as well as many of our corporate clientele to offer Google Home and Google Home Mini to their staff and members.

We are focused on delivering innovative and market-ready solutions in building a smart city in Singapore.”

A-Smart shares ended the day at S$0.555, down 1.8%.

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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 and units of CapitaLand Mall Trust. Motley Fool Singapore contributor Sudhan P owns shares in Singapore Exchange Limited and Alphabet Inc, and units in CapitaLand Mall Trust.