Home THE DAILY EDGE Business STI falls 0.1% to 3,247.55 at 9:55 a.m.
STI falls 0.1% to 3,247.55 at 9:55 a.m.

Tags: Capitamall Asia | Noble Group | Olam International

Written by Bloomberg   
Wednesday, 05 January 2011 10:14
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Singapore’s Straits Times Index fell 0.1% to 3,247.55 at 9:55 a.m. local time. Twice as many stocks fell as rose on the 30-member gauge.

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, fell 1.6%, the most since Nov. 16, in New York yesterday.
 
Noble Group (NOBL SP), a Hong Kong-based commodities supplier, dropped 1.3% to $2.24. Olam International (OLAM SP), a Singapore-based supplier of agricultural commodities, declined 0.6% to $3.25.
 
CapitaMalls Asia (CMA SP): The owner of shopping malls in Singapore, Japan, India, China and Malaysia gained 1.1% to $1.89. The company is likely to spend $2 billion on new projects this year, it said in a statement to the stock exchange today. The developer said it plans to have 100 shopping malls in China within the next three to five years, from 53 units currently.
 
 
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Last Updated on Wednesday, 05 January 2011 10:18