Home THE DAILY EDGE Business STI gains 0.9% to close at 3,211.12
STI gains 0.9% to close at 3,211.12

Tags: Cerebos Pacific | Genting Singapore | Genting Singapore Plc | Noble Group | SATS | SGX | Singapore Airport Trml Svcs | Singapore Exchange | Tuan Sing Holdings

Written by Bloomberg   
Wednesday, 02 February 2011 15:30
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Singapore’s Straits Times Index gained 0.9% to 3,211.12 at the close, where the market shut for the afternoon for the Lunar New Year. All but four stocks rose in the benchmark 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. Stock symbols are in parentheses after the company name.

Commodity suppliers: The Thomson Reuters/Jefferies CRB Index, which tracks prices of 19 commodities from copper to corn, increased 0.2% in New York yesterday, extending its advance for a third day.

Noble Group (NOBL SP), a Hong Kong-based commodities supplier, gained 4.6% to S$2.29, the steepest gain since November 2010. Olam International (OLAM SP), a Singapore- based supplier of agricultural commodities, climbed 1% to $3.12.

Cerebos Pacific (CER SP), a maker of Brand’s Essence of Chicken health tonic, jumped 4.7% to $5.10, the highest close since October 2007. The company said net income in the three months ended December rose 16% to $42.6 million from a year earlier.

Genting Singapore Plc (GENS SP), Asia’s biggest casino operator by market value, advanced 3.9% to $2.13. The company said it has received credit facilities for as much as $4.19 billion for refinancing.

SATS (SATS SP), a ground-handling services provider partly owned by Temasek Holdings Pte, declined 1.4% to $2.76. The company said fiscal third-quarter profit fell 4.1% to $51.2 million from a year earlier.

Singapore Exchange (SGX SP), the operator of the city’s derivatives and securities exchange, gained 0.5% to $8.44. The company said its initial public offering capitalization jumped five-fold in 2010 from a year earlier. There were 39 new IPOs last year, compared with 29 in 2009, it said.

Tuan Sing Holdings (TSH SP), a property developer and construction company, surged 11% 34.5 cents. The company said fourth-quarter net income increased 60% to $37.3 million from a year earlier.


 

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STI gains 0.9% to close at 3,211.12
Wednesday, 02 February 2011

Last Updated on Wednesday, 02 February 2011 15:32