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Singapore Stocks: Noble Group, Olam International, Jaya, Wilmar

Singapore’s Straits Times Index (FSSTI) increased 0.5 percent to 2,907.04 as of 9:34 a.m. Morte than four shares rose for each that fell in the 30-member gauge.

The following were among the most active shares in the market. Stock symbols are in parentheses after company names.

Commodity suppliers: The Thomson Reuters/Jefferies CRB Index (CRY), which tracks 19 commodities ranging from copper to corn, added 0.5 percent in New York yesterday, extending gains for a third day.

Noble Group Ltd. (NOBL) , a Hong Kong-based commodities supplier, climbed 1.9 percent to S$1.38. Olam International Ltd. (OLAM) , a Singapore-based trader of agricultural commodities, advanced 1.5 percent to S$2.68.

Jaya Holdings Ltd. (JAYA) , a shipbuilder, gained 6.4 percent to 58.5 Singapore cents. The company said it’s been approached by IHC Merwede BV, a Dutch builder of dredgers and oil-rig support vessels, to acquire some of the Singapore company’s assets. No definitive agreement has been signed, Jaya said.

Wilmar International Ltd. (WIL) , the world’s biggest palm-oil processor, fell 0.2 percent to S$5.39. The company said it sold S$250 million ($198.6 million) five-year notes that carry a coupon rate of 3.5 percent and S$100 million seven-year notes with a coupon rate of 4.1 percent.

To contact the reporter on this story: Jonathan Burgos in Singapore at

To contact the editor responsible for this story: Nick Gentle at

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