Singapore’s Straits Times Index climbed 0.1% to 3,212.46 as of the close of trading. The same number of stocks rose and fell on the benchmark index of 30 companies.
Shares on the measure trade at an average 15.7 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg. The following shares were among the most active in the market. Stock symbols are in parentheses after the company name.
Palm-oil producers: Crude palm-oil futures for March delivery declined 1.2% in Kuala Lumpur yesterday. Golden Agri-Resources (GGR SP), the world’s second-biggest palm-oil producer, fell 0.6% to 80 cents.
United Overseas Bank (UOB SP), the smallest of Singapore’s three banks by market value, gained 1% to $18.44. The company said it won approval from the China Securities Regulatory Commission for a joint venture with China Ping An Trust Co. and Sanya Yingwan Tourism Co.
Wilmar International (WIL SP), the world’s biggest palm-oil trader, slipped 1.1% to $5.63. The company said it’s jointly bidding for a site in China’s Yingkou City with Kerry Properties. and Shangri-La Asia. Wilmar holds 35% of the joint venture and the investment amount for the group is expected to be as much as 7.5 billion yuan ($1.42 billion).
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