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Singapore’s Straits Times Index dropped 0.2% to 3,241.96 at the close. Almost the same number of stocks rose and fell in the benchmark equity index of 30 companies.
Shares on the measure trade at an average 14.8 times estimated earnings, compared with about 15.6 times at the end of 2010, according to data compiled by Bloomberg. The following shares were among the most active in the market.
Shares on the measure trade at an average 14.8 times estimated earnings, compared with about 15.6 times at the end of 2010, according to data compiled by Bloomberg. The following shares were among the most active in the market.
CapitaCommercial Trust (CCT SP), the office landlord partly owned by CapitaLand (CAPL SP), increased 1.3% to $1.53. The company said distributable income in the fourth quarter was $54.7 millioncompared with $52.9 million a year earlier.
City Developments (CIT SP), Singapore’s second-largest developer, slipped 1.1% to $12.12. India Infoline cut the stock’s rating to “sell” from “reduce” and lowered its share-price forecast to $10.55 from $13.63.
