Singapore’s Straits Times Index fell 0.4% to 3,173.59 as of 9:15 a.m. local time. Eight stocks dropped for each that rose in the benchmark index of 30 companies.
Shares on the measure trade at an average 14.5 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 14.5 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.
CapitaLand (CAPL SP), Southeast Asia’s biggest developer, slid 0.3% to $3.40. The company said first- quarter net income increased to $101.5 million from a restated $29.8 million a year earlier. Last year’s first-quarter net profit, before it was restated, was S$115.4 million.
Kreuz Holdings (KRZ SP), a provider of engineering services to the oil and gas industry, gained 1.2% to 41.5 cents. The company said it has won contracts worth about US$24.8 million ($30.7 million).
STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, dropped 1% to $10.22. The Baltic Dry Index, a measure of commodity-shipping costs, fell 0.6% in London yesterday, extending its decline to 18 days.
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