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What Shaped the Singapore Stock Market in 2018?

The year is drawing to a close.

As a look back to 2018, here are some of the major events that moved the Singapore stock market during the year.

1. In January, Venture Corporation Ltd (SGX: V03) replaced Global Logistic Properties Ltd on the Straits Times Index (SGX: ^STI). More information here.

2. In February, the National Stock Exchange of India, Bombay Stock Exchange and Metropolitan Stock Exchange of India announced they would stop licensing their data to overseas exchanges, including Singapore Exchange Limited (SGX: S68).

3. News emerged in March that Grab and Uber are in talks to merge. With that, ComfortDelGro Corporation Ltd (SGX: C52) shares rose 22%, from S$2.05 apiece at the end of March to a peak of S$2.51 in June. The merger drew the attention of Singapore’s competition watchdog. It fined Grab and Uber a total of S$13 million over their alliance, citing that the deal has led to substantial eroding of competition in the ride-hailing market.

4. In April, a short-seller attack on Venture affected its shares. Fast forward a few months, in June, the company was the worst-performer among the blue-chips.

5. Early June, Hutchison Port Hldg Trust (SGX: NS8U) and StarHub Ltd (SGX: CC3) were kicked out of the MSCI Singapore Index.

6. In mid-June, Singapore Exchange updated the market that it has been “granted a licence extension to continue the listing and trading of SGX Nifty contracts beyond August 2018”. It added that arbitration proceedings are continuing and that the hearings on evidence are expected to start in early 2019.

7. July saw property stocks getting hammered after the Singapore government announced additional property cooling measures. This piece of news is potentially the biggest mover of the Singapore stock market in 2018.

8. StarHub received more blows in September when it was booted out of the Straits Times Index to be replaced by Dairy Farm International Holdings Ltd (SGX: D01).

9. In late-September, Keppel Corporation Limited (SGX: BN4) and Singapore Press Holdings Limited (SGX: T39) announced their intention to gain majority control of M1 Ltd (SGX: B2F).

10. In November, the Commercial Affairs Department (CAD), the Monetary Authority of Singapore (MAS) and the Accounting and Corporate Regulatory Authority (ACRA) revealed they were jointly investigating Noble Group Limited (SGX: CGP) for suspected false and misleading statements and breaches of disclosure requirements. The company has also been disallowed to transfer its listing status to New Noble as part of its proposed restructuring. Noble shares are currently under suspension, as of the time of writing.

There you go — 2018 summarised in 10 key points.

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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 and Dairy Farm International. Motley Fool Singapore contributor Sudhan P owns shares in Singapore Exchange.