Singapore Stocks: Singapore Post, SMRT, Wilmar International
Singapore’s Straits Times Index fell 0.8 percent to 2,882.4 as of 10:22 a.m. local time, heading for its first decline in six days. Almost two stocks dropped for each that rose in the index of 30 companies today. The gauge is poised for a 7.8 percent advance this month, the most since July 2009.
The following shares were among the most active in the market. Stock symbols are in parentheses after the company names.
Singapore Post Ltd. (SPOST) (SPOST), the operator of the city’s postal services, dropped 1.4 percent to S$1.035. The company said second-quarter net income declined 23 percent from a year earlier to S$30.6 million ($24.6 million).
SMRT Corp. (MRT SP), the biggest commuter train operator in the city-state, decreased 1.6 percent to S$1.86. The company said second-quarter net income fell 26 percent from a year earlier to S$34.1 million.
Wilmar International Ltd. (WIL) , the world’s largest palm-oil processor, gained 1.9 percent to S$5.50. The company said it increased the size of a syndicated term loan facility announced in November to $1.5 billion from $1.3 billion
To contact the reporter on this story: Jonathan Burgos in Singapore at email@example.com.