Singapore’s Straits Times Index fell 1.1% to 2,757.23 at the close. Six stocks fell for each two that rose in the index of 30 companies. The following shares were among the most active in the market.
Palm-oil producers: Crude palm-oil futures for November delivery dropped as much as 1.4% in Kuala Lumpur today, heading for the first decline in three days.
Golden Agri-Resources (GGR SP), the world’s second- biggest palm-oil producer by sales, sank 2.2% to 67 Singapore cents. Wilmar International (WIL SP), the world’s largest palm-oil processor, slipped 1% to $5.19. First Resources (FR SP), an Indonesian plantation company, dropped 2.3% to $1.305.
Singapore Technologies Engineering (STE SP), Asia’s biggest aircraft maintenance company, dropped 1.4% to $2.89. The company said Raphael Chin has been named as acting chief financial officer of its U.S. unit Vision Technologies Systems Inc. Chief Financial Officer Patrick Lee Swee Ching has taken a leave of absence pending an investigation by the Corrupt Practices Investigation Bureau and an internal inquiry, the company said.
Tiger Airways Holdings (TGR SP), the budget carrier partly owned by Singapore Airlines (SIA SP), fell 2.2% to 89.5 cents. The company said it will review its plan to set up a new low-fare venture with Thai Airways International Pcl. after delays in winning Thailand’s regulatory approval.
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