Singapore’s Straits Times Index (FSSTI) slipped 0.5 percent to 2,994.48 at the close, paring gains this week to 0.2 percent. Two shares fell for each that rose on the 30-member gauge.
The following were among the most active shares in the market. Stock symbols are in parentheses after company names.
Palm-oil producers: Crude palm-oil futures for July delivery dropped as much as 1 percent in Kuala Lumpur today.
Golden Agri-Resources Ltd. (GGR) , the world’s second- biggest palm oil producer by sales, decreased 1.3 percent to 75 Singapore cents. Wilmar International Ltd. (WIL) , the world’s biggest palm oil processor, slid 0.6 percent to S$4.86.
Frasers Commercial Trust (FCOT) gained 1.1 percent to 88.5 Singapore cents after the office landlord reported second- quarter distributable income increased 11 percent from a year earlier to S$11.2 million ($9 million).
Keppel Corp. (KEP SP), the world’s largest oil-rig maker, dropped 1.4 percent to S$11.39, its first decline in three days, after its offshore engineering unit reported profit margins dropped to 15 percent in the first quarter from 21 percent a year earlier as it worked on lower-priced orders.
“Lower-than-expected offshore and marine margins in the next one to two quarters could be a negative share price driver,” Nancy Wei, an analyst at UOB-Kay Hian Holdings Ltd. in Singapore, said in a note today.
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