Singapore’s Straits Times Index lost 0.1% to 3,086.88 as of the 12:30 p.m. trading break. Fifteen stocks rose while 11 fell on the gauge of 30 companies.
Shares on the measure trade at an average 14.3 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 14.3 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.
Noble Group (NOBL SP) sank 3.2% to $1.815. Gloucester Coal has negotiated a new A$400 million ($523 million) debt facility with Noble Group. The unsecured facility has a four-year term expiring June 30, 2015.
Sembcorp Marine (SMM SP), a shipping company, increased 1.2% to $5.26. The company said that SMOE, a wholly-owned unit, secured a contract worth about $600 million from PTTEP International.
Tiger Airways Holdings (TGR SP), an airline, rose 0.5% to $1.015. The company, whose Australian operations were suspended amid safety concerns, said yesterday prospective partner Thai Airways International Pcl. has told it state approvals for a low-cost alliance remain pending.
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