3 Things You Should 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) tumbled 28.3 points, or 0.9%, to end the day at 3,181.5. Of the 30 index components, 20 were in the red; four were flat while the remaining six finished in the green.

The share that fell the most among the 30-stock index was Golden Agri-Resources Ltd (SGX: E5H), coming down 5.7% to S$0.25. Meanwhile, the biggest gainer of the Straits Times Index was Hutchison Port Hldg Trust (SGX: NS8U), rising some 2% to S$0.26.

2. ComfortDelGro Corporation Ltd (SGX: C52) is collaborating with Finland’s MaaS Global to provide a new service in Singapore which brings the various means of transport – taxi, bus, train, car rental, and bicycles – together in a new app. This was announced before the stock market opened today.

The app will be called Whim, and ComfortDelGro’s taxis will provide app users with the taxi option of their journey. Users can transit from a train or bus, and choose to end their trip with a bicycle, for example.

Whim users can choose the pay-as-you-go option or opt for a subscription plan. The Whim service will go on trial in Singapore soon, with a commercial launch expected to be in the first quarter of next year. Details of the pricing plans will be announced closer to the launch date.

ComfortDelGro shares ended the day unchanged at S$2.36 each.

3. Singapore Exchange Limited (SGX: S68) reported its market statistics for September 2018 this morning. Here are some of the key highlights:

a) Total securities market turnover value was S$19.4 billion, down 11% year-on-year.

b) Securities daily average value was S$971 million, falling 11% year-on-year.

c) Market turnover value of exchange-traded funds was S$188 million, up 12% year-on-year.

d) Market turnover value of structured warrants and daily leveraged certificates stood at S$1.43 billion, a 26% decline compared to a year ago.

e) Total derivatives volume was 18.52 million, up 16% year-on-year.

f) Equity index futures volume stood at 15.04 million, rising 24% year-on-year.

g) Total FX futures volume was 1.64 million, increasing 26% year-on-year.

h) SGX commodities derivatives volume was 1.04 million, down 39% compared to September 2017.

Singapore Exchange shares ended Monday at S$7.24 apiece, down 0.4% for the day.

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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.