Singapore Stocks: CapitaMalls Asia, Noble, Olam International
Stock Chart for Olam International Ltd (OLAM)
Singapore’s Straits Times Index rose 0.1 percent to 3,254.25 at the 5 p.m. close. Five stocks rose for every three that fell on the 30-member gauge.
Shares on the measure trade at an average 14.9 times estimated earnings, 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, fell 1.6 percent, the most since Nov. 16, in New York yesterday.
CapitaLand Ltd. (CAPL SP): Southeast Asia’s biggest developer rose 2.7 percent to S$3.80 after reiterating the “possibility” of a listing in China.
CapitaMalls Asia Ltd. (CMA SP): The owner of shopping malls in Singapore, Japan, India, China and Malaysia gained 1.6 percent to S$1.90. The company is likely to spend S$2 billion ($1.54 billion) on new projects this year, it said in a statement to the stock exchange today. The developer said it plans to have 100 shopping malls in China within the next three to five years, from 53 units currently.
Global Logistic Properties Ltd. (GLP SP): The logistics company whose customers include Wal-Mart China and FedEx Corp. gained 0.9 percent to S$2.16. Chief Executive Officer Ming Mei said the company is seeking opportunities in so-called second- tier Chinese cities after agreeing to buy a controlling stake in Airport City Development Co.
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