Singapore Stocks: AusGroup, CWT, Hutchison Port Holdings, YHI
Singapore’s Straits Times Index (FSSTI) added 0.3 percent to 2,934.83 as of 10 a.m. local time. About four shares rose for each that fell on the 30-member gauge.
The following were among the most active shares in the market. Stock symbols are in parentheses after company names.
AusGroup Ltd. (AUSG) advanced 2.9 percent to 36 Singapore cents after the provider of engineering services to the mining and energy industries won a A$11 million ($11.2 million) contract from Australia’s Cooperative Bulk Handling Ltd.
CWT Ltd. (CWT) jumped 5.4 percent to S$1.27 after the logistics company said first-quarter profit tripled to S$26.4 million ($21.2 million) from S$8.4 million a year earlier.
Hutchison Port Holdings Trust (HPHT) , the owner of port assets in Hong Kong and China, fell 2.7 percent to 73.5 U.S. cents. DMG & Partners Securities Pte. cut its rating to neutral from buy, saying earnings growth may slow due to uncertain demand from Europe.
YHI International Ltd. (YHI) slipped 1.5 percent to 33 Singapore cents after the tire distributor reported first- quarter net income dropped 13 percent from a year earlier to S$5.5 million.
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