March 7 (Bloomberg) -- Singapore’s Straits Times Index gained 0.2 percent to 3,066.52 at the close. Three stocks rose for every two that fell in the benchmark index of 30 companies.
Shares on the measure trade at an average 14.1 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.
Airlines: Oil gained a second day, rising above $105 a barrel in New York, as escalating conflict in Libya renewed concern supply disruptions may spread, sparking speculating higher fuel costs will crimp earnings growth at airlines.
Singapore Airlines Ltd. (SIA SP), the world’s second-largest carrier by market value, lost 0.9 percent to S$13.50. Tiger Airways Holdings Ltd. (TGR SP) dropped 1.4 percent to S$1.40.
Beyonics Technology Ltd. (BT SP), a provider of electronics manufacturing services, sank 7.7 percent to 18 Singapore cents. The company said it expects to report a second-quarter loss due to a weaker U.S. dollar, significantly lower shipments and a decline in average selling prices to customers in the hard-disk-drive industry.
Cambridge Industrial Trust (CREIT SP), an industrial landlord, gained 1 percent to 51 Singapore cents. The company said it borrowed S$320 million ($253 million) from four banks to refinance debt ahead of maturity.
Sinomem Technology Ltd., (SINO SP), the maker of water filtration membranes used in pharmaceutical, food and water treatment industries, surged 26 percent to 68.5 Singapore cents. The company said it received a takeover offer from Clean Water Investment Ltd., a Chinese private equity firm, which offered to buy all of its shares at 70 cents each.
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