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Singapore Stocks: Ausgroup, Frasers Centrepoint, Singapore Air

Sept. 15 (Bloomberg) -- Singapore’s Straits Times Index gained 1 percent to 2,765.95 at the close. Seventeen stocks rose and 10 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.

Ausgroup Ltd. (AUSG SP), a provider of engineering services to the mining and energy industries, jumped 4.5 percent to 35 Singapore cents. The company said it won a contract valued at A$30 million ($30.8 million) to build conveyors at Rio Tinto Group’s iron-ore mines in the Pilbara region of Western Australia.

CapitaCommercial Trust (CCT SP), the office landlord partly owned by CapitaLand Ltd. (CAPL SP), dropped 1.4 percent to S$1.10. Office rents in Singapore will moderate, said Chong Lit Cheong, chief executive officer of CapitaLand Commercial Ltd. He spoke to reporters after unveiling the design for a Singapore office tower project to be developed jointly by CapitaLand, CapitaCommercial and Japan’s Mitsubishi Estate Co.

Frasers Centrepoint Trust (FCT SP), the operator of shopping malls, slipped 1 percent to S$1.44 after selling shares at a discount. The company said it raised net proceeds of S$64.3 million ($52 million) from selling 48 million new shares at S$1.39 each in a private placement.

Marco Polo Marine Ltd. (MPM SP), a shipping and shipbuilding company, increased 2.9 percent to 36 Singapore cents. The company said it won a contract valued at S$3.4 million to build eight offshore barges for an existing customer.

Singapore Airlines Ltd. (SIA SP), the world’s second-biggest carrier by market value, rose 3 percent to S$11.23. The company is considering an order for Airbus SAS’s A350-1000 jet, Chief Executive Officer Goh Choon Phong said yesterday at a briefing at the European planemaker’s headquarters in Toulouse, France. Singapore Air is awaiting details of enhancements to Boeing Co.’s competing 777-300ER before deciding which model to purchase, Goh said.

To contact the reporter on this story: Jonathan Burgos in Singapore at jburgos4@bloomberg.net

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net

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