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Singapore’s Straits Times Index rose 0.3% to 3,163.41 at the close. Seven stocks advanced for every five that fell on the 30-member gauge.
Shares on the measure trade at an average 15.5 times estimated earnings, compared with about 17.4 times at the beginning of the year, 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 15.5 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg. The following shares were among the most active in the market.
Palm-oil suppliers: Crude palm oil for December delivery surged as much as 6.5% in Kuala Lumpur today, heading for its highest level in 26 months.
Golden Agri-Resources (GGR SP), the world’s second- biggest palm-oil producer, jumped 5.2% to 60.5 cents. Indofood Agri Resources (IFAR SP), the palm-oil unit of Indonesia’s biggest noodle maker, advanced 7% to S$2.45. Kencana Agri (KAGR SP), owner of palm plantations in Indonesia, climbed 3.9% to 40.5 cents.
Wilmar International (WIL SP), the world’s largest palm-oil trader, rose 1.2% to $6.05. The company said it signed a mandate for a US$1.1 billion ($1.44 billion) term-loan facility to fund the purchase of Sucrogen. Wilmar also agreed to a A$600 million facility ($755.5 million) to fund general capital needs, it said.
Biosensors International Group (BIG SP), a maker of drug-coated stents used to treat blocked arteries, surged 8% to $1.08. The company said Autumn Eagle agreed to buy a 29.5% stake in the company.
Genting Singapore Plc (GENS SP), owner of one of two casino resorts in the city, climbed 2% to $2.02. CIMB Group Holdings Bhd. increased its share-price forecast to $2.45 from $1.88 and maintained its “outperform” rating.
Sembcorp Marine (SMM SP), the world’s second-biggest builder of oil rigs, rose 0.7% to $4.31 after winning a ship-repair contract with Carnival Corp., the world’s biggest cruise-line operator.
