Home THE DAILY EDGE Business STI gains 0.2% 2,835.51 at closing
STI gains 0.2% 2,835.51 at closing

Tags: Boustead Salcon Water Solution | Boustead Singapore | CardioMind Inc. | Carlyle Group | China Fishery Group | Noble Group | Olam International | Singapore Airlines

Written by Bloomberg   
Wednesday, 30 June 2010 17:55
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Singapore’s Straits Times Index gained 0.2% 2,835.51 at the close, trimming its quarterly decline to 1.8%. The measure fell 2.1% in the first half. The same number of stocks dropped as those that rose on the 30-member gauge.

Shares on the measure trade at 13.9 times estimated earnings, compared with about 17.4 times at the end of 2009, according to Bloomberg data. The following shares were among the most active in the market. 
 
Commodity producers: The Reuters/Jefferies CRB Index, which tracks prices of commodities from copper to corn, dropped 2.8% in New York yesterday, its biggest decline since August 2009. Noble Group (NOBL SP), a Hong Kong-based commodity supplier, fell 1.2% to $1.71. Olam International (OLAM SP), a supplier of agricultural commodities, dropped 0.4 to $2.59.
 
Biosensors International Group (BIG SP), a maker of drug-coated stents that treat blocked arteries, gained 1.3% to 77 cents. The company said it bought some assets of rival CardioMind Inc. for US$1.1 million ($1.54 million).
 
Boustead Singapore (BOCS SP), a provider of engineering services, climbed 1.8% to 85 cents. The company said its Boustead Salcon Water Solution subsidiary won a $21 million contract to design and build a water recycling plant in Abu Dhabi.
 
China Fishery Group (CFG SP), a fishing-fleet operator, advanced 6.6% to $1.95. The company said it will raise S$266 million selling shares and warrants to Carlyle Group. The shares will be sold at $1.85 each, while the warrants will have an exercise price of $2.10 each, it said.
 
Singapore Airlines (SIA SP), the world’s second- biggest carrier by market value, rose 1.1% to $14.60. The company said it will issue $500 million of 3.22%, 10-year notes on or about July 9 to raise money for working capital and expenditure.
 
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STI gains 0.2% 2,835.51 at closing
Wednesday, 30 June 2010

Last Updated on Wednesday, 30 June 2010 18:04