Singapore’s Straits Times Index climbed 3.3% to 2,885.26 at the close, the biggest advance since July 2009. All but two stocks in the index of 30 companies advanced.
The gauge slumped 9.5% this month, the steepest monthly decline since October 2008 when credit markets froze following the collapse of Lehman Brothers Holdings Inc. The following shares were among the most active in the market.
Commodity suppliers: The Thomson Reuters/Jefferies CRB Index, which tracks prices of 19 commodities from copper to corn, increased 1.1% in New York yesterday, extending its advance for a fourth day.
Noble Group, (NOBL SP), a Hong Kong-based supplier of energy, food and mining commodities, rose 5.9% to $1.62. Olam International (OLAM SP), a supplier of agricultural commodities, jumped 11% to $2.59, the most since June 2009. The company said fourth-quarter net income increased 38% from a year earlier to $127.4 million.
Palm-oil producers: Crude palm-oil futures for November delivery rose as much as 1.7% in Kuala Lumpur today, heading for its first increase in four days.
Golden Agri-Resources (GGR SP), the world’s second- biggest palm-oil producer by sales, climbed 3.9% to 66 cents. Indofood Agri Resources (IFAR SP), the plantation unit of Indonesia’s No. 1 noodle maker, gained 3.7% to $1.41. Wilmar International (WIL SP), the world’s biggest palm-oil processor, increased 2.3% to $5.30.
SBS Transit (SBUS SP), Singapore’s biggest operator of public buses, climbed 4.6% to $1.83. The government awarded the company a 19-year license to operate the Downtown Line, its second commuter train service. Its parent ComforDelgro Corp. rose 2.2% to $1.375.
Sim Lian Group (SLG SP), a property developer and construction company, advanced 7% to 53.5 cents. The company said full-year net income doubled to $200 million from a year earlier.
Wing Tai Holdings (WINGT SP), a developer of high-end residential properties in Singapore, surged 8.4% to $1.36. The company said fourth-quarter net income more than doubled to $170.6.
No comments:
Post a Comment