Singapore’s Straits Times Index slipped 0.6% to 2,690.71 as of 10:05 a.m. local time, erasing gains of as much as 0.5%. Four stocks fell for each that rose in the 30-member index, which is poised for a 0.3% decline this week.
The gauge is headed for a 6.9% drop this month, extending a quarterly slump to 14%, the most since December 2008. The following shares were among the most active in the market.
The gauge is headed for a 6.9% drop this month, extending a quarterly slump to 14%, the most since December 2008. The following shares were among the most active in the market.
CapitaMalls Asia (CMA SP), owner of shopping malls in Singapore, Japan, China, India and Malaysia, gained 2.1% to $1.225. CapitaMalls said today it will start trading its shares in Hong Kong on Oct. 18 as it seeks to grow investments in China.
Koon Holdings (KNH SP), a construction company, surged 11% to 24.5 cents. The company said it won contracts, valued at $54 million, to supply precast concrete to a public housing project and a private industrial development.
Swiber Holdings (SWIB SP), a provider of offshore logistic services, gained 4% to 52 cents. The company said it won contracts, valued at US$69 million ($89.4 million), for the installation of subsea pipeline and vessel chartering.
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