Singapore’s Straits Times Index gained 0.2% to 3,176.73 as of 9:13 a.m. local time. About three stocks rose for each that fell in the gauge of 30 companies.
Shares on the measure trade at an average 14.7 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 14.7 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.
Malacca Trust (MTL SP), an Indonesia-based financial services company, surged 52% to 33.5 cents on its first trading day. The company sold 85 million new shares at 22 cents each, raising total proceeds of $18.7 million.
Neptune Orient Lines (NOL SP), Southeast Asia’s biggest container carrier, lost 0.3% to $1.445. The company said average freight revenue in the four weeks to July 1 decline 13% from a year earlier as it transported 5% more cargo during the period.
Sembcorp Industries (SCI SP), an industrial conglomerate that gets about 46% of its revenue from utilities, added 1% to $5.15. The company said a unit got a $121 million refuse collection and recycling contract in Singapore.
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