Home THE DAILY EDGE Business STI gains 0.6% to 3,255.46 at trading break
STI gains 0.6% to 3,255.46 at trading break

Tags: Goodpack | JP Morgan Chase & Co | Noble Group | Olam International | Standard Chartered Plc | Technics Oil & Gas

Written by Bloomberg   
Tuesday, 04 January 2011 12:54
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STI gains 0.6% to 3,255.46 at trading break
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Singapore’s Straits Times Index gained 0.6% to 3,255.46 at the midday-trading break. Nineteen stocks advanced while six fell in the benchmark equity index of 30 companies.

Shares on the measure trade at an average 14.9 times estimated earnings, according to data compiled by Bloomberg. The following shares were among the most active in the market. 
 
Commodity suppliers: The Thomson Reuters/Jefferies CRB Index, which tracks prices of 19 commodities from copper to corn, gained 0.1% in New York yesterday, the highest level since October 2008.
 
Noble Group (NOBL SP), a Hong Kong-based commodities supplier, rose 2.3% to $2.27. Olam International (OLAM SP), a Singapore-based supplier of agricultural commodities, advanced 1.6% to $3.26.
 
Goodpack (GPACK SP), a supplier of intermediate bulk containers used to transport commodities such as rubber, coffee and chestnuts, climbed 1.9% to $2.11. The company was rated “outperform” in new coverage at Standard Chartered Plc.


Last Updated on Tuesday, 04 January 2011 12:59