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Singapore’s Straits Times Index gained 0.5% to 3,196.51 as of the 12:30 p.m. trading break in Singapore. Almost two stocks rose for each that fell in the benchmark index of 30 companies.
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.
CapitaRetail China Trust (CRCT SP), the operator of shopping malls in China partly-owned by CapitaLand, increased 1.6% to $1.26. The company said full-year gross revenue rose 4.4% to 589.1 million yuan ($114.6 million) from the previous year.
GMG Global (GGL SP), the owner of rubber plantations in West Africa, surged 8.8% to 31 cents. Bank of America’s Merrill Lynch & Co. initiated coverage of the stock with a “buy” rating and share-price forecast of 50 cents.
