Singapore Stocks: G.K. Goh, Jardine Cycle, Singapore Airlines
Singapore’s Straits Times Index gained 0.4 percent to 2,792.87 as of 12:56 p.m. local time. Two stocks rose for each that fell in the index of 30 companies.
The following shares were among the most active in the market. Stock symbols are in parentheses after the company name.
G.K. Goh Holdings Ltd. (GKG SP), a provider of financial services, surged 11 percent to 71 Singapore cents. The company said it agreed to sell its property near the central business district for S$32.8 million ($26 million).
Jardine Cycle & Carriage Ltd. (JCNC) , a motor distributor that gets about 89 percent sales from Indonesia, lost 0.6 percent to S$41.45. PT Astra International (ASII IJ), which is 50.1 percent owned by Jardine Cycle & Carriage, said Indonesia’s domestic vehicle sales declined to 73,279 units in August from 89,056 units in July.
Singapore Airlines Ltd. (SIA) , the world’s second- biggest carrier by market value, gained 1 percent to S$11.12. Singapore’s Changi Airport said passenger traffic rose 11.2 percent in August to 3.86 million from a year earlier.
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