Singapore’s Straits Times Index dropped 0.6% to 3,162.30 as of 9:30 a.m. local time. Almost three stocks fell 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.
Baker Technology (BTL SP), a supplier of equipment to the oil and gas industry, gained 1.2% to 42 cents. The company said first-quarter revenue increased 71% to $10.6 million.
Singapore Exchange (SGX), whose A$8.3 billion ($11.2 billion) takeover bid for ASX was blocked by Australian regulators, declined 0.6% to $7.75. The company is prepared to discuss a merger with other bourses such as Hong Kong, according to President Muthukrishnan Ramaswami.
Singapore Post (SPOST SP), the operator of the city’s post offices, slid 0.9% to $1.15. The company said fourth-quarter net income declined 9.6% from a year earlier to S$37 million.
SMRT Corp. (MRT SP), Singapore’s biggest commuter-train operator, added 0.5% to $1.91. The company said fourth- quarter net income increased 50% to $34 million from a year earlier.
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