Hello, everyone. Here are three things about the local stock market and investing in general that you might be interested in today.
1. It was a sea of red today as the Straits Times Index (SGX: ^STI) tumbled 54.2 points, or 1.7%, to 3,156.3. Of the 30 index components, 27 were in the red; two were unchanged while one finished in the green.
Jardine Cycle & Carriage Ltd (SGX: C07) was the biggest loser of the index. Its shares came down 5.0% to S$30.25 apiece.
Among the banks, DBS Group Holdings Ltd (SGX: D05) fell the most, tumbling 2% to S$24.49. For those who wish to know about the bank’s stock history and more, do check out our newly-released ultimate guide here.
On the other hand, the only index stock that posted gains happened to be Ascendas Real Estate Investment Trust (SGX: A17U). Units in the industrial real estate investment trust (REIT) inched up by 0.4% to S$2.74 each.
2. BreadTalk Group Limited (SGX: CTN) announced this morning that it has officially opened the first TaiGai flagship store at NEX shopping mall. TaiGai, founded in 2015 and originally from Shenzhen, China, is well-known for its fresh fruit-blended teas with milk cheese crowns.
The store is owned by BTG-Pindao, a joint venture between BreadTalk’s wholly-owned subsidiary, Together Inc Pte Ltd, and Shenzhen Pindao Food & Beverage Management Co Ltd. BreadTalk plans to open another nine TaiGai stores in Singapore and Thailand in 2019.
BreadTalk shares came down 2% today to end at S$0.98 apiece.
3. Searching for REITs yielding more than 8%? Look no further.
My Foolish colleague, Jeremy Chia, has laid out four REITs that are offering yields upwards of 8%. One even has a distribution yield of close to 11%. Jump into his article here to find out what the REITs are.
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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 DBS Group Holdings Ltd. Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.