Singapore’s Straits Times Index slipped 0.6% to 3,059.04 at the close.
Companies in the index 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.
Companies in the index 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) rose 5.7% to $1.29. The maker of medical devices will buy out Shandong Weigao Group Medical Polymer Co.’s 50% stake in their JW Medical Systems venture for $625.4 million, Weigao said in a statement to the Hong Kong stock exchange.
Singapore Exchange (SGX SP) retreated 1.2% to $7.34. The exchange operator that had its acquisition of Australia’s main bourse blocked is better off forging partnerships in Asia than doing deals in the U.S. or Europe, Chief Executive Officer Magnus Bocker said a conference in New York.
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