Singapore Stocks: Neptune Orient Lines, Noble, TTJ Holdings
Singapore’s Straits Times Index dropped 0.6 percent to 2,685.31 as of 9:45 a.m. local time. Eight stocks fell for each that rose 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.
Commodity suppliers: The Thomson Reuters/Jefferies CRB Index, which tracks prices of 19 commodities from copper to corn, fell 2.5 percent in New York yesterday, its first decline in three days.
Noble Group Ltd. (NOBL) , a Hong Kong-based supplier of energy, food and mining commodities, slid 1.4 percent to S$1.385. Olam International Ltd. (OLAM) , a Singapore-based supplier of agricultural commodities, lost 0.9 percent to S$2.33.
Export-related companies: Shares of exporters, port operators and shipping companies gained after a report showed orders for U.S. capital goods climbed in August by the most in three months, a sign business investment continues to support a recovery in the world’s biggest economy.
Beyonics Technology Ltd. (BT) , the provider of electronics manufacturing services that gets about 36 percent of sales from the U.S., climbed 4.9 percent to 17.2 Singapore cents. Neptune Orient Lines Ltd. (NOL SP), the container carrier that counts the Americas as its biggest market, rose 1.8 percent to S$1.105. Hutchison Port Holdings Trust (HPHT SP), the owner of port assets in Hong Kong and China, gained 1.6 percent to 63.5 U.S. cents.
TTJ Holdings Ltd. (TTJ SP), a Singapore-based supplier of structural steel, advanced 5.6 percent to 15 Singapore cents. The company said full-year net income increased to S$14.4 million from S$6.8 million a year earlier.
To contact the reporter on this story: Jonathan Burgos in Singapore at firstname.lastname@example.org.