The following companies may have unusual price changes in Singapore trading today. Stock prices are from the previous close. Singapore’s Straits Times Index fell 0.5% to 3,163.53.
Bulk-shipping companies: The Baltic Dry Index, which measures the cost of shipping commodities, fell 0.3% in London yesterday, extending its five-day decline to 1.8%.
Cosco Corp. Singapore (COS SP), a China-based shipbuilder that also operates bulk carriers, was unchanged at $1.96. STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, lost 1.8% to $14.34.
Commodity suppliers: The Reuters/Jefferies CRB Index, which tracks prices of 19 commodities from copper to corn, dropped 1.2% yesterday in New York.
Noble Group (NOBL SP), a Hong Kong-based commodities supplier, gained 1.1% to $1.93. Olam International (OLAM SP), a Singapore-based supplier of agricultural commodities, rose 0.3% to $3.18.
CapitaMall Trust (CT SP): The shopping mall landlord partly owned by CapitaLand (CAPL SP) said third-quarter distributable income was $75.2 million, compared with $74.9 million. CapitaMall was unchanged at $2.01.
Chip Eng Seng Corp. (CHIP SP): The Singapore-based real- estate and construction company said it bought a parcel of land in the eastern part of city for $89.9 million. The property will be developed into a residential condominium. Its shares were unchanged at 40 cents.
Keppel Corp. (KEP SP): The world’s biggest builder of oil rigs said third-quarter profit increased 8.4% to $346.3 million from a year earlier. That beat the average estimate of $289.3 million in a Bloomberg News poll of three analysts. Keppel Corp. rose 0.6% to $9.71.
Mermaid Maritime Pcl (MMT SP): The provider of drilling services to the oil and gas industry said it will place an order for two jack-up drilling rigs, valued at US$360 million ($468 million), with Keppel Corp. unit Keppel FELS Shipyard. There’s an option for another two rigs that could be worth more than Us$700 million, it said. Mermaid Maritime was unchanged at 45.5 cents.
Oversea-Chinese Banking Corp. (OCBC SP): Singapore’s smallest lender said it completed the purchase of additional shares in China’s Bank of Ningbo Co. for 1.7 billion yuan ($332 million), raising its stake in the Zhejiang-based lender to 13.7% from 10%. The stock was unchanged at $9.10.

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