Singapore Stocks: Noble Group, Sembcorp Marine, Tiger Airways

Singapore’s Straits Times Index (FSSTI) lost 0.1 percent to 3,086.88 as of the 12:30 p.m. trading break. Fifteen stocks rose while 11 fell on the gauge of 30 companies.

Shares on the measure trade at an average 14.3 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.

Noble Group Ltd. (NOBL) sank 3.2 percent to S$1.815. Gloucester Coal Ltd. has negotiated a new A$400 million ($430 million) debt facility with Noble Group. The unsecured facility has a four-year term expiring June 30, 2015.

Sembcorp Marine Ltd. (SMM) , a shipping company, increased 1.2 percent to S$5.26. The company said that SMOE, a wholly-owned unit, secured a contract worth about S$600 million ($493 million) from PTTEP International Ltd.

Tiger Airways Holdings Ltd. (TGR) , an airline, rose 0.5 percent to S$1.015. The company, whose Australian operations were suspended amid safety concerns, said yesterday prospective partner Thai Airways International Pcl. has told it state approvals for a low-cost alliance remain pending.

To contact the reporter on this story: Anna Kitanaka in Tokyo at akitanaka@bloomberg.net.

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.