Jan. 25 (Bloomberg) -- Singapore’s Straits Times Index was fell 0.1 percent to 3,181.15 at the close. Seven stocks declined for every six that rose in the benchmark index of 30 companies.
Shares on the measure trade at an average 14.5 times estimated earnings, compared with about 15.6 times at the end of 2010, according to data compiled by Bloomberg.
The following shares were among the most active in the market. Stock symbols are in parentheses after the company name.
Palm-oil producers: Crude palm-oil futures for April delivery fell as much as 1.6 percent in Kuala Lumpur today, heading for their first decline in three days.
Golden Agri-Resources Ltd. (GGR SP), the world’s second-biggest palm-oil producer, slipped 1.4 percent to 72 Singapore cents. Wilmar International Ltd. (WIL SP), the world’s largest palm-oil trader, declined 1.8 percent to S$5.34. First Resources Ltd. (FR SP), an Indonesian palm-oil producer, lost 0.7 percent to S$1.42.
Keppel Corp. (KEP SP), the world’s biggest builder of oil rigs, gained 0.7 percent to S$11.34 before the release of its earnings. The company said after the close of trading that net income in the fourth quarter increased to S$403 million ($314 million) from S$343 million a year earlier. Analysts expected profit of S$371.3 million, based on four estimates compiled by Bloomberg.
Keppel Land Ltd. (KPLD SP), the real-estate arm of Keppel Corp., advanced 0.9 percent to S$4.61. The company said its fourth-quarter net income surged to S$841 million from S$106.9 million a year earlier, boosted by one-time gains. HSBC Holdings Plc raised its rating on the stock to “overweight” from “neutral.”
Valuetronics Holdings Ltd. (VALUE SP), an electronics manufacturer, climbed 4.2 percent to 25 Singapore cents. The company said third-quarter net income more than doubled to HK$31.6 million ($4.1 million) from HK$13.5 million a year ago.
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