Singapore’s Straits Times Index gained 0.4% to 2,791.79 at the close. About the same number of stocks rose and fell in the index of 30 companies. The following shares were among the most active in the market.
G.K. Goh Holdings (GKG SP), a provider of financial services, surged 10% to 71 cents. The company said it agreed to sell its property near the central business district for $32.8 million.
G.K. Goh Holdings (GKG SP), a provider of financial services, surged 10% to 71 cents. The company said it agreed to sell its property near the central business district for $32.8 million.
Jardine Cycle & Carriage (JCNC SP), a motor distributor that gets about 89% sales from Indonesia, dropped 1.6% to S$41. PT Astra International (ASII IJ), which is 50.1% owned by Jardine Cycle & Carriage, said Indonesia’s domestic vehicle sales declined to 73,279 units in August from 89,056 units in July.
Lian Beng Group (LBG SP), a construction company, jumped 4.2% to 37 cents. Kim Eng Holdings initiated coverage of the stocks with a “buy” rating and a share-price forecast of 62 cents. The company’s order book of about $839 million will support profits in the next three years, analyst Ooi Yi Tung wrote in a note to clients.
No comments:
Post a Comment