Singapore’s Straits Times Index advanced 0.28 point, or less than 0.1%, to 3,088.7 at the close. Three stocks fell for every two that rose in the gauge 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.
Palm Oil: Crude palm-oil futures for September delivery gained as much as 2% in Kuala Lumpur today.
Golden Agri-Resources (GGR SP), the world’s second- biggest producer of the fuel by sales, gained 0.7% to 70 cents. Wilmar International (WIL SP), the world’s largest palm-oil processor by sales, climbed 1.1% to $5.56.
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.
Palm Oil: Crude palm-oil futures for September delivery gained as much as 2% in Kuala Lumpur today.
Golden Agri-Resources (GGR SP), the world’s second- biggest producer of the fuel by sales, gained 0.7% to 70 cents. Wilmar International (WIL SP), the world’s largest palm-oil processor by sales, climbed 1.1% to $5.56.
CapitaLand (CAPL SP): Southeast Asia’s largest developer slipped 0.7% to $2.93. The builder and Japan’s Mitsubishi Estate Co. said they will tie up in a $1.4 billion venture to redevelop a downtown Singapore parking lot structure into a 40-story office building.
CapitaCommercial Trust (CCT SP), part-owned by CapitaLand and a partner in the venture, lost 0.7% to $1.45.
Tiger Airways Holdings (TGR SP): The budget carrier dropped 0.5% to $1.01 after Thailand’s Transport Ministry didn’t approve a proposal to form a venture with Thai Airways because “the details weren’t clear,” Supoj Suplom, permanent secretary at the ministry, said in Bangkok late yesterday. Tiger said it’s “not aware” of any changes to the plan.
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