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Singapore’s Straits Times Index dropped 0.7% to 3,220.22 as of 12:30 p.m. trading break. Twenty-six stocks dropped in the benchmark equity index of 30 companies.
Shares on the measure trade at an average 14.7 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 14.7 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.
Chinese developers: Shares of real-estate companies with businesses in China declined as a government report showed growth in the world’s fastest-expanding major economy accelerated in the fourth quarter, adding pressure on policy makers to keep raising interest rates.
CapitaLand (CAPL SP), Southeast Asia’s biggest developer that gets about 26% of sales from China, slid 1.1% to $3.70. Yanlord Land Group (YLLG SP), which gets all its revenue from China, declined 1.8% to S$1.67. Guocoland (GUOL SP), a real-estate company that counts China as its biggest market, lost 0.4% to $2.74.
Commodity suppliers: The Thomson Reuters/Jefferies CRB Index, which tracks prices of 19 commodities from copper to corn, gained fell 0.1% in New York yesterday.
