Singapore’s Straits Times Index fell 0.1% to 3,111.87 as of the 12:30 p.m. trading break. About the same number of stocks dropped as rose in the benchmark index of 30 companies.
Shares on the measure trade at an average 14.2 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 14.2 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, sank 1.8% in New York yesterday, extending its drop for a third day.
Noble Group (NOBL SP), a Hong Kong-based supplier of commodities, lost 0.5% to $2.11. Olam International (OLAM SP), a Singapore-based supplier of agricultural commodities, decreased 0.7% to $2.80.
ARA Asset Management (ARA SP), a manager of property trusts partly owned by Li Ka-shing’s Cheung Kong Holdings, climbed 2.7% to $1.72. The company said first-quarter net income increased 19% to $14.8 million.
Great Eastern Holdings (GE SP), a Singapore insurer partly owned by Oversea-Chinese Banking Corp. (OCBC SP), slipped 0.9% to $15.26. The company said first-quarter net income profit fell 11% from a year earlier to $158.7 million.
Rotary Engineering (RTRY SP), the builder of storage tanks for the oil and gas industry, declined 2.2% to 90 cents. The company said first-quarter net income tumbled 62% from a year earlier to $5.3 million.
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