Singapore’s Straits Times Index closed little changed at 2,774.33, erasing losses of as much as 1.4 percent earlier. Five stocks rose for every four that fell in the index of 30 companies.
The following shares were among the most active in the market. Stock symbols are in parentheses after the company name.
Ezra Holdings Ltd. (EZRA SP), a provider of logistics services to the oil and gas industry, gained 2.2 percent to 94 Singapore cents, erasing losses of as much as 2.2 percent earlier. The company said it is planning to issue perpetual capital securities denominated in Singapore dollars. CIMB Group Holdings Bhd. maintained its “outperform” rating on the stock, saying the fund-raising exercise will help reduce the company’s gearing.
Pteris Global Ltd. (PTRS SP), a supplier of airport logistics equipment, climbed 5.4 percent to 11.8 Singapore cents. The company said it won a contract, valued at $5 million, for the supply of a baggage handling systems to Terminal 3 of the Hangzhou Xiaoshan International Airport in China’s Zhejiang province.
Yangzijiang Shipbuilding Holdings Ltd. (YZJ SP), China’s third-largest shipyard outside state control, rose 1.9 percent to S$1.06. The company said Seaspan Corp. confirmed an order for two container ships, bringing the total of confirmed orders from Seaspan to seven. The contract for all seven vessels is worth about $700 million.