3 Things You Need to Know About the Singapore Stock Market Today
Hello, Fools! Here are three things about the local stock market that you might be interested in today.
1. The Straits Times Index (SGX: ^STI), ended Thursday at 3,272.16 points, down 12.11 points or 0.37%.
Comfortdelgro Corporation Ltd (SGX: C52) was the stock that lost the most ground, slipping 1.7% to S$2.32. Its shares have been on a volatile ride for the past two trading days. Yesterday, the transport firm came in as the best performer in the index.
On the other hand, the STI component that advanced the most today was Jardine Cycle & Carriage Ltd (SGX: C07). Shares of the firm shot up by 2.9% to S$40.64.
2. The following companies released their earnings this morning so do check out their coverages below:
- Health Management International Ltd (SGX:588) – click here
- ISOTeam Ltd (SGX: 5WF) – click here
3. Ultimate Horizon Pte. Ltd. has launched a mandatory unconditional cash offer for Blumont Group (SGX: A33). Market watchers would remember that Blumont was among the three companies in the penny stock crash in 2013.
The offer price will be 0.0182 Singapore cents per share and this is at an 81.8% discount to the closing price of 0.1 Singapore cents today.
The only shareholder of Ultimate Horizon is Siaw Lu Howe, a Malaysian businessman engaged in hospitality, real estate and mining services businesses mainly located in the state of Sarawak, Malaysia.
The offer was triggered after Siaw’s firm acquired a 69.56% stake in Blumont today for 0.018172 Singapore cents per share or S$4 million in total.
