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Singapore’s Straits Times Index fell 0.7% to 3,184.60 at the close. Three stocks declined for each that rose in the benchmark index.
Shares on the measure trade at an average 14.6 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 14.6 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.
Commodity suppliers: The Thomson Reuters/Jefferies CRB Index, which tracks prices of 19 commodities from copper to corn, gained fell 0.5% in New York yesterday.
Noble Group (NOBL SP), a Hong Kong-based commodities supplier, dropped 3.1% to $2.20. Olam International (OLAM SP), a Singapore-based supplier of agricultural commodities, slipped 1.6% to $3.11.
Oil-rig builders: Shares of the world’s biggest builders of oil exploration rigs fell as crude oil futures headed for their third weekly decline in a month. China’s inflation data fanned speculation the world’s biggest energy consumer will take steps to cool its economy and U.S. crude supplies unexpectedly rose.
