Singapore’s Straits Times Index was little changed at 3,187.20 as of the 12:30 p.m. trading break. Two stocks advanced 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. Stock symbols are in parentheses after the company name.
Palm-oil producers: Crude palm-oil futures for April delivery fell as much as 1 percent in Kuala Lumpur today, heading for their first decline in three days.
Golden Agri-Resources Ltd. (GGR SP), the world’s second- biggest palm-oil producer, slipped 0.7 percent to 72.5 Singapore cents. Wilmar International Ltd. (WIL SP), the world’s largest palm-oil trader, declined 1.8 percent to S$5.34.
Keppel Corp. (KEP SP), the world’s biggest builder of oil rigs, climbed 0.7 percent to S$11.34. The company will announce full-year results after the close of trading today. It is expected to report a profit of S$1.3 billion ($1 billion), according to the average estimate of 22 analysts compiled by Bloomberg. That compares with S$1.63 billion in 2009.
Keppel Land Ltd. (KPLD SP), the real-estate arm of Keppel Corp., advanced 2.2 percent to S$4.67. The company said its fourth-quarter net income surged to S$841 million from S$106.9 million a year earlier, boosted by one-time gains. HSBC Holdings Plc raised its rating on the stock to “overweight” from “neutral.”
Valuetronics Holdings Ltd. (VALUE SP), an electronics manufacturer, climbed 4.2 percent to 25 Singapore cents. The company said third-quarter net income more than doubled to HK$31.6 million ($4 million) from HK$13.5 million a year ago.
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