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Singapore’s Straits Times Index climbed 0.8% to 3,210.86 as 9:44 a.m. local time. Twenty- six stocks rose and one fell 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, increased 0.6% in New York on Jan. 21, snapping two days of decline.
Noble Group (NOBL SP), a Hong Kong-based commodities supplier, climbed 1.8% to $2.24. Olam International (OLAM SP), a Singapore-based supplier of agricultural commodities, gained 1.6% to $3.16.
Federal International 2000 (FEDI SP), a supplier of equipment to the oil and gas industry, jumped 12% to 9.5 cents. The company said its Federal Offshore Services unit agreed to sell its vessel for US$29.1 million ($37.4 million).
GuocoLeisure (GLL SP), the owner of hotels in the U.K., U.S. and Asia, rose 1.4% to 70.5 cents. The company said second-quarter profit more than tripled to US$19.1 million from US$5.5 million a year ago.
Keppel Corp. (KEP SP), the world’s biggest builder of oil rigs, gained 0.4% to $11.40. The company said its Keppel FELS unit received a US$360 million contract to build two oil platforms for Clearwater Capital Partners LLC. Clearwater has options to order two more rigs, raising the contract value to more than US$730 million, it said.
Keppel Land (KPLD SP), the real estate arm of Keppel Corp., rose 1.1% to $4.58. The company will announce its full-year earnings after market close today. It may report net income of $452 million in 2010, according to the average estimate by 23 analysts compiled by Bloomberg. That compares with $280 million the previous year.
Singapore Airlines (SIA SP), the world’s second- biggest carrier by market value, gained 0.4% to $15.12. The company said it will increase its fuel surcharge by between US$3 and US$27 per sector for tickets issued on or before Jan. 27, reflecting rising jet fuel prices.
