Home THE DAILY EDGE Business STI gains 0.4% to close at 2,693.62
STI gains 0.4% to close at 2,693.62

Tags: Dbs Group Holdings | Guocoland

Written by Bloomberg   
Monday, 08 February 2010 18:27
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The Straits Times Index added 0.4% 2,693.62 at the close. Four stocks fell for every three that rose, Bloomberg says.

Stocks on the measure trade at 14.3 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.

DBS Group Holdings (DBS SP) added 1.6% to $14.26. Southeast Asia’s biggest bank will focus on expanding its operations in China and India without pursuing acquisitions as the lender seeks to reduce dependence on its Singapore home market, Chief Executive Officer Piyush Gupta said Feb 5.

Guocoland (GUOL SP) added 3% to $2.06. Guocoland, the Singapore-based developer controlled by Malaysian billionaire Quek Leng Chan, said it had second-quarter net income of $60.4 million, compared with a profit of $861,000 a year earlier.


 

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STI gains 0.4% to close at 2,693.62
Monday, 08 February 2010

Last Updated on Monday, 08 February 2010 18:29