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 and investing in general that you might be interested in today.

1. The Straits Times Index (SGX: ^STI) ended Monday up 0.5%, or around 19 points, to 3,548.23.

Hutchison Port Hldg Trust (SGX: NS8U) emerged as the biggest winner in the index after its units went up by 3.1% to US$0.33.

On the other end of the winner-loser spectrum, Yangzijiang Shipbuilding Holdings Ltd (SGX: BS6) saw its shares tumble 2.8% to S$1.03, coming in as the biggest loser of the lot.

2. Engro Corporation Limited (SGX: S44) said that its wholly-owned subsidiary, Top-Mix Concrete Pte Ltd, has secured a supply contract from Samsung C&T Corporation, an established contractor in South Korea, for one of the projects in the North-South Corridor.

Top-Mix Concrete will supply an estimated 800,000 m3 of ready-mix concrete over the project period of six years, up to 2024.

The contract is expected to improve the financial performance of the company over the next few years. However, “it is not expected to have any material impact on the consolidated net tangible assets and earnings per share of the Group for the financial year ending 31 December 2018”.

Engro shares ended the day at S$0.95 apiece, up 2.7%.

3. My Foolish colleague, Lawrence Nga, looked at Lippo Malls Indonesia Retail Trust’s (SGX: D5IU) materials that were released as part of its 2018 first-quarter earnings and picked out some interesting aspects about the REIT. Check out his article here to know more.

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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.