Singapore’s Straits Times Index dropped 0.6% to 3,075.44 at the close. Four stocks declined for each that rose 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.
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.
Commodity suppliers: The Thomson Reuters/Jefferies CRB Index, which tracks prices of 19 commodities from copper to corn, fell 0.2% in New York yesterday, extending its decline for a second day.
Noble Group (NOBL SP), a Hong Kong-based commodities supplier, dropped 3.3% to $2.06. Olam International (OLAM SP), a Singapore-based supplier of agricultural commodities, lost 0.4% to $2.70.
Palm-oil producers: Crude palm-oil futures for May delivery fell as much as 4% in Kuala Lumpur today.
Golden Agri-Resources (GGR SP), the world’s second- biggest palm-oil producer, slipped 2.2% to 67 cents. First Resources (FR SP), an Indonesian palm-oil producer, fell 2.3% to $1.28. Indofood Agri Resources (IFAR SP), the palm-oil unit of Indonesia’s biggest noodle maker, declined 2.6% to $2.28.
Passion Holdings (PART SP), a furniture maker, surged 24% to 26 cents. The company said Decorative Arts Holdings offered to buy all of the company’s shares at 26 Singapore cents each.
TTJ Holdings (TTJ SP), a supplier of structural steel, gained 2.6% to 19.5 cents. The company said first-half net income doubled to $4.7 million from $2.3 million.
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