Home THE DAILY EDGE Business STI drops 0.8% to 3,172.44 at closing
STI drops 0.8% to 3,172.44 at closing

Tags: Cna Group | DMG & Partners Securities | FFM | Lababidi Group | Olam International | Standard Water | Wilmar International

Written by Bloomberg   
Friday, 03 December 2010 17:30
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STI drops 0.8% to 3,172.44 at closing
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Singapore’s Straits Times Index dropped 0.8% to 3,172.44 at the close, after rising as much as 0.6% earlier. The gauge increased 0.5% this week. Almost three stocks fell for each that rose in the benchmark equity index of 30 companies.

Shares on the measure trade at an average 15.4 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. 
 
CNA Group (CNA SP), the supplier of building- automation systems, sank 6.5% to 21.5 cents. DMG & Partners Securities lowered its rating on the stock to “sell” from “neutral,” saying the company will incur a loss from the sale of its stake in Standard Water.


Last Updated on Friday, 03 December 2010 17:34