Hello, 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) inched up 13.1 points, or 0.4%, to end the day at 3,058.7. Of the 30 index components, 20 finished in the green; four were in the red while the remaining six ended the day unchanged.
The stock that emerged as the best performer was shipbuilder, Yangzijiang Shipbuilding Holdings Ltd (SGX: BS6). Its shares rose 4.2% to S$1.24 each. On the other hand, Golden Agri-Resources Ltd (SGX: E5H) was the biggest loser as it fell 2% to S$0.25.
2. Still in the blue-chip territory, I checked out the valuations of the Singapore banking trio – DBS Group Holdings Ltd (SGX: D05), Oversea-Chinese Banking Corporation Limited (SGX: O39) and United Overseas Bank Ltd (SGX: U11) – to determine which bank is cheaper than the stock market in general. Jump into the article here to know more.
3. Elsewhere, Biolidics Limited (SGX: 8YY) made its trading debut today at S$0.265, down 5.4% from its initial public offering (IPO) price of S$0.28.
Biolidics, a medical technology company based in Singapore, focuses on the development of cell enrichment systems which, when combined with other analytical tests, have a wide range of applications to treat cancer. Biolidics is an associated company of Clearbridge Health Ltd (SGX: 1H3).
Executive director and chief executive of Biolidics, Ivan Lew, said:
“With Biolidics’ novel patented technology to separate and enrich cancer cells from blood, there is great potential for Biolidics’ chances to grow and successfully exploit the opportunities in the cancer diagnostics industry. While Biolidics is entering a new phase with our listing on SGX, we will continue to use our collective passion and dedication to develop the Company and create value to our stakeholders.”
Biolidics’ share price closed at S$0.235 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 DBS Group Holdings Ltd, Oversea-Chinese Banking Corporation Limited and United Overseas Bank Ltd. Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.