Home THE DAILY EDGE Business STI gains 0.2% to 3,153.01 at the close
STI gains 0.2% to 3,153.01 at the close

Tags: Hi-P International | Kim Eng Holdings | Raffles Medical Group | STX OSV | STX OSV Holdings | Super Group

Written by Bloomberg   
Friday, 17 December 2010 18:12
Article Index
STI gains 0.2% to 3,153.01 at the close
Page 2
All Pages
smaller text tool iconmedium text tool iconlarger text tool icon

Singapore’s Straits Times Index gained 0.2% to 3,153.01 at the close, trimming this week’s decline to 1%. Seven stocks advanced for every six that dropped in benchmark equity index of 30 companies.

Shares on the measure trade at an average 15.3 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. Stock symbols are in parentheses after the company name.

Hi-P International (HIP SP), the electronics manufacturing services provider whose clients include BlackBerry-maker Research in Motion, climbed 2% to $1.02. Research In Motion yesterday reported third-quarter revenue and profit that topped analysts’ estimates, helped by demand for models such as the Curve and the touch-screen Torch.

Kim Eng Holdings (KEH SP), a Singapore-based brokerage, surged 13% to $2.24. Responding to queries from the Singapore exchange, Kim Eng said it’s been approached by unidentified parties interested in buying shares in the company.



Last Updated on Friday, 17 December 2010 18:13