Singapore Stocks: CapitaLand, SMRT Corp., Wilmar International
Stock Chart for SMRT Corp Ltd (MRT)
The following were among the most active shares in the market. Stock symbols are in parentheses after the company names.
China developers: China’s home prices posted their worst performance this year, with more than half of the 70 biggest cities monitored in November recording declines after the government reiterated plans to maintain property curbs, according to a statement released on the national statistics bureau’s website yesterday.
CapitaLand Ltd. (CAPL) , the developer that gets about 21 percent of sales from China, dropped 1.7 percent to S$2.26. Guocoland Ltd. (GUOL) , the homebuilder that counts China as its biggest market, fell 1.7 percent to S$1.74.
SMRT Corp. (MRT SP), Singapore’s biggest commuter train operator, dropped 2.8 percent to S$1.77. Singapore’s worst subway disruptions on record have led to calls for rail operator SMRT Corp.’s Chief Executive Officer Saw Phaik Hwa to step down. Saw told ChannlNewsAsia she has no plans to resign.
Wilmar International Ltd. (WIL) , the palm-oil producer that gets more than half of its sales from China, decreased 2.2 percent to S$4.89. China’s palm-oil consumption may decline this year after the government sold stockpiles and curbed illegal production of blended cooking oil, the China National Grain & Oils Information Center said in e-mailed report.
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