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Singapore’s Straits Times Index declined 1.2% to 2,706.26 at the close. Eleven stocks fell for every three that rose on the 30-member gauge.
Stocks on the measure trade at 14.5 times estimated earnings, compared with about 10 times at the start of 2009, according to data compiled by Bloomberg. The following shares were among the most active in the market.
Frasers Centrepoint Trust (FCT SP), the shopping mall operator part-owned by Fraser & Neave FNN SP), slid 2.9% to $1.36. The company said it raised $177.8 million by selling shares at $1.33 each through a private placement. Fraser & Neave slid 1.9% toS$4.15.
Keppel Corp. (KEP SP), the world’s largest oil-rig maker, climbed 0.9% to $8.16. The company said fourth-quarter profit climbed 30% from a year ago to $343 million as higher sales at a property unit offset slumping demand for rigs.
SMRT Corp. (MRT SP), Singapore’s commuter train operator, rose 1.6% to $1.89. Total rail ridership grew 4% last year, Alayne Wong, an analyst at Amfraser Securities Pte, wrote in a report that assigned an “overweight” rating on the land transport industry.
Unionmet (Singapore) (UMS SP), a producer of indium ingots, slumped 9.1% to 5 cents. The company reported a full-year 2009 net loss of US$3.68 million($5.16 million).
New Lakeside Holdings (NLH SP), a China-based producer of apple juice concentrate, tumbled 17% to 2.5 cents. The company expects a loss for the first half of the 2010 financial year as it makes provisions for unpaid debts of a former subsidiary.
