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 jburgos4@bloomberg.net.

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

Bloomberg reserves the right to edit or 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.