Singapore Stocks Decline: CapitaLand, Noble Group, Olam
Singapore’s Straits Times Index (FSSTI) fell 1.7 percent to 2,698.90 at the close, with all but one share dropping 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, fell 1.7 percent in New York on June 1.
Noble Group Ltd. (NOBL) , a commodities trader specializing in agricultural, industrial and energy sectors, decreased 2.3 percent to S$1.065. Olam International Ltd. (OLAM SP), a Singapore-based supplier of agricultural commodities, slipped 5 percent to S$1.53.
CapitaLand Ltd. (CAPL) dropped 1.2 percent to S$2.47. The company announced divestment of its unit Citadines Ashley Hongkong, a serviced residence property in Hong Kong, for HK$311 million ($40 million).
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