Home THE DAILY EDGE Business STI up 0.1% to close at 3,144.31
STI up 0.1% to close at 3,144.31

Tags: Capitamalls Asia | Hengxin Technology | Noble Group | Sembcorp Marine | SembMarine | Wilmar International

Written by Bloomberg   
Wednesday, 22 December 2010 17:42
Article Index
STI up 0.1% to close at 3,144.31
Page 2
All Pages
smaller text tool iconmedium text tool iconlarger text tool icon

Singapore’s Straits Times Index gained 0.1% to 3,144.31 at the close. Three stocks advanced for every two that fell 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.

CapitaMalls Asia (CMA SP), the owner of shopping malls in Singapore, Japan, China, India and Malaysia, gained 1.6% to $1.89 million. The company said it will buy the Queensbay Mall in Penang, Malaysia, for $275.6 million.

Hengxin Technology (HENG SP), a supplier of coaxial cables used in mobile communications, advanced 4.1% to 38.5 cents. The company said it will raise net proceeds of $16.1 million from the sale of its shares and proposed listing on the Stock Exchange of Hong Kong.

Noble Group (NOBL SP), a Hong Kong-based commodities supplier, gained 1.9% to $2.11. The Thomson Reuters/Jefferies CRB Index, which tracks prices of 19 commodities from copper to corn, gained 0.8% in New York yesterday, extending its three-day advance to 3%.



Last Updated on Wednesday, 22 December 2010 17:47