Singapore’s Straits Times Index gained 0.1% to 3,086.92 at the close. The gauge advanced 0.3% this week, the first time in three weeks. Four stocks rose for every three that fell in the benchmark index of 30 companies.
Shares on the measure trade at an average 14.1 times estimated earnings, compared with about 15.6 times at the end of 2010, according to data compiled by Bloomberg. The following shares were among the most active in the market.
Biosensors International Group (BIG SP), a maker of drug-coated stents used to treat blocked arteries, dropped 2.9% to $1.01 after the company agreed to sell shares at a discount. The company said it will raise $200.8 by selling 216.3 million new shares at 92.83 cents each to Atlantis Investment Management (Hong Kong) and Ever Union Capital. The investors will each own 8.2% of the company, it said.
CH Offshore (CHO SP), a provider of offshore support vessels to the oil and gas industry, gained 2% to 50 cents. The company said it signed a bareboat charter agreement valued at US$43.5 million ($55.5 million) with an unnamed customer.
Global Logistic Properties (GLP SP), a logistics company whose customers include Wal-Mart China and FedEx Corp., climbed 2.1% to $1.94. The company said it signed new leases on 136,000 square meters of space in China last month.
Otto Marine (OTML SP), a Singapore-based shipbuilder, declined 4.8% to 30 cents. The company said it had a fourth-quarter net loss of $9.3 million, compared with a net income of $9.8 million a year earlier.
Oversea-Chinese Banking Corp. (OCBC SP), Singapore’s second-biggest lender, dropped 1.5% to $9.41. The lender said today fourth-quarter profit rose 1% to $505 million from a year ago, missing the average estimate of seven analysts compiled by Bloomberg.
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