Singapore Stocks: Neptune Orient, Orchard Parade, Singapore Post
Singapore’s Straits Times Index (FSSTI) slid 0.1 percent to 2,978.57 at the close, extending this month’s losses to 1.1 percent. About three shares dropped for every two 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.
Neptune Orient Lines Ltd. (NOL) , Southeast Asia’s biggest container carrier, rose 2.5 percent to S$1.235. OCBC Investment Research raised its rating on the stock to buy from hold, citing rising shipping rates in the Asia-Europe routes.
Orchard Parade Holdings Ltd. (OPH) gained 0.9 percent to S$1.755 after the hotel operator reported first-quarter net income climbed 39 percent from a year earlier to S$46.1 million.
Singapore Post Ltd. (SPOST) slipped 1 percent to S$1.015 after the provider of the city’s postal services said fourth- quarter net income declined 17 percent from a year earlier to S$30.6 million.
Soup Restaurant Group Ltd. (SOUP) rose 1.6 percent to 12.8 Singapore cents after announcing plans to expand its restaurant chain into Malaysia and exporting its brand of sauces to Asian markets.
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