The following companies may have unusual price changes in Singapore trading today. Stock symbols are in parentheses and share prices are from the previous close. Singapore’s Straits Times Index lost 0.2% to 3,078.95.
Commodity suppliers: The Thomson Reuters/Jefferies CRB Index, which tracks prices of 19 commodities from copper to corn, lost 0.7% in New York yesterday. Noble Group (NOBL SP), a Hong Kong-based supplier of energy, food and mining commodities, sank 2.8% to $1.735. Olam International (OLAM SP), a Singapore-based supplier of agricultural commodities, slid 2.4% to $2.48.
CapitaMall Trust (CT SP): Singapore’s biggest retail property trust said second-quarter distributable income per share increased 3.1% from a year earlier to 2.36 cents. CapitaMall rose 0.8% to $1.93.
Global Logistic Properties (GLP SP): The operator of warehouses near seaport hubs said it signed a long-term lease agreement with DHL Group Services NV in Japan. The shares slid 1.5% to $1.96.
K-REIT Asia (KREIT SP): The office landlord partly owned by Keppel Corp. (KEP SP) said it agreed to buy a 50% stake in 8 Chifley Square, an office building in Sydney, Australia, from Mirvac Group (MGR AU) for between A$154.4 million ($199.6 million) and A$169.8 million. Separately, the trust said second-quarter distributable per share increased 18% from a year earlier to 1.93 cents. K-REIT Asia was unchanged at $1.33.
Singapore Airlines (SIA SP), the world’s second-biggest carrier by market value, said it appointed Campbell Wilson, who has worked at the company for more than 15 years, as chief executive officer of its new low-cost airline that’s set to start operating next year. The stock added 0.4% to $14.41.
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